AllRegs, an information provider for the mortgage lending industry and the official training provider for the National Association of Mortgage Brokers, is pleased to announce that its course, entitled Essentials of Mortgage Lending, meets loan originator continuing education requirements for the states of Illinois and Oklahoma. The self-study online course is delivered through the AllRegs education division, AllRegs Academy.
"AllRegs is proud to offer continuing education opportunities to mortgage brokers, loan officers and loan originators who need to meet their licensure requirements," said Dan Thoms, AllRegs senior vice president. "We are currently in the process of applying for course approvals in states nationwide. As new courses are approved they will be added to our web site and available for registration."
The Essentials of Mortgage Lending self-study online course qualifies for two continuing education credits for Loan Officers in the state of Illinois, as it is an approved topic per the Loan Originator Continuing Education memo issued on June 30, 2006 by the Illinois Department of Financial and Professional Regulation within the Department of Banking.
The Oklahoma Department of Consumer Credit has reviewed and approved the Essentials of Mortgage Lending course for two hours of continuing education credit for Mortgage Brokers and Mortgage Loan Originators licensed in the state of Oklahoma.
About the course
Delivered via the AllRegs Academy learning management system, Essentials of Mortgage Lending is a self-study online course that reviews the basics of the mortgage loan cycle, including essential mortgage milestones and processes from the lender and borrower perspectives. This introductory course presents a broad overview of the U.S. mortgage lending markets and their impact, from loan application through loan administration and the capital markets. Students learn about loan origination strategies, common loan products and various quality levels of underwriting. Further, this course underscores the importance of compliance and provides resources and good faith responsibilities necessary to comply with mortgage regulations and laws. Students will also learn how to identify red flags of mortgage fraud. The course registration is $95 per person.
For more information, visit www.allregs.com.