AllRegs has launched a mortgage training package designed to address the state and federal training needs now facing depositories.
Clarifications in Reg G placed new emphasis on the education of registered mortgage loan officers as it relates to both federal and state laws. The guidance suggests that not only must training be ongoing; it must now match the specific origination activities of mortgage employees.
“Providing periodic training for mortgage employees is no longer optional,” said Dan Thoms, executive vice president for AllRegs. “We’ve worked with banks across the country for years. This product is a natural extension of the NMLSR mortgage training we currently offer to licensed loan officers.”
AllRegs Depository CE Library consists of over 25 self-study courses covering both federal and state laws as they relate to activities surrounding mortgage employees. Content licensing is available, allowing companies to access training within their internal systems. Individual employee achievement certificates and auditor-ready reporting options round out the offering.
“The library is actually growing based on feedback from clients. It’s a case where our clients’ needs are so specific; they’re practically shaping the product for us,” said Thoms.