AllRegs course meets Illinois and Oklahoma loan originator CE requirements MortgagePress.comAllRegs, CE course, Illinois, Oklahoma, Essentials of Mortgage Lending, AllRegs Academy, Dan Thoms
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."
Illinois approval
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.
Oklahoma approval
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.
