Maryland Mortgage Originator License
Maryland Mortgage Originator License
TrainingPro Mortgage Education Approved in Minnesota
TrainingPro Mortgage Education Approved in Minnesota
Company Reaches “30-State Milestone”
Hunt Valley, Md. – October 10, 2007 – TrainingPro, the national leader in mortgage education, recently announced it is now an approved mortgage education provider in the state of Minnesota. The first online education provider in the state, TrainingPro currently offers the required 15 hours of approved curriculum through its web site www.TrainingPro.com as well as in live class format.
With the addition of Minnesota, TrainingPro has reached its “30-state” milestone for mortgage education. TrainingPro offers state-approved mortgage training curriculum in all 30 states that require continuing education, pre-licensing or a combination of both.
TrainingPro will provide the educational requirement for individual licensing of mortgage professionals conducting business in the state of Minnesota. Effective March 1, 2008 all licensure applicants will be required to complete 15 hours of educational training prior to becoming a loan originator in the state. All existing loan originators are required to complete the course by March 1, 2008.
TrainingPro’s course, “Understanding Mortgage Fundamentals: The Starting Point for Success” includes topics such as RESPA, TILA, ECOA mortgage products, mortgage practices and Minnesota state mortgage lending law.
“We are very excited about our Minnesota approval. We look forward to offering even more expanded national and regional training options to our client base. Many of our clients conduct business in more than one state, oftentimes in neighboring states. TrainingPro is already approved in South Dakota, Iowa and Wisconsin. Because of our regional presence we are able to present options for more streamlined mortgage training through our National Cross Certification Program,” said Christopher Nickerson, CEO of TrainingPro.
TrainingPro is also approved in Alabama, Arkansas, California, Florida, Georgia, Iowa, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Mississippi, Montana, Nevada, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Utah, Washington, West Virginia and Wisconsin.
For more information on these new Minnesota mortgage requirements, please visit the web site of the Minnesota Department of Commerce.
About TrainingPro
TrainingPro is the national leader in mortgage education. Its mission is to elevate and enrich the mortgage industry through its innovative compliance solutions and comprehensive educational programs. With extensive experience, a proven training platform, and superior client service as its foundation, TrainingPro is the educational partner for small and large mortgage corporations as well as state industry associations and the National Association of Mortgage Brokers. TrainingPro was listed on the 2006 Inc. 500 list, conducted by Inc. Magazine, as one of the fastest growing companies in the nation. For more information about TrainingPro, please visit www.TrainingPro.com.
About the Author
In the State of Maryland, can you be a Licensed Real Estate Agent and?
a Loan Originator/Mortgage broker? I just passed my Real Estate Exam and i’m curious.
I know of no state where a person
cannot be a holder of as many positions
and licenses as they like–if they
can qualify for them.
IN AZ, and most others, NATURALLY
when you seek $ for someone that you
are helping as a RE licensee, you are
obligated to state on the purchase
or hiring contract [as a buyer's or
seller's agency contract] that you
are also a practicing loan officer
or mortgage broker.
Remember, in almost all states,
a mortgage broker is a licensed
activity too, requiring a state course
and test and a bond with the
banking super.
[fyi, being a commercial MB is
much easier than being a res one but
harder to get your first client too]
The YouTube Interview with President Obama
