Mortgage Basics: Increasing Knowledge, Creating Opportunities
Hunt Valley, MD (PRWEB) June 23, 2008
TrainingPro, the national leader in mortgage education is proud to announce its approval from The Massachusetts Division of Banks to provide pre-licensing and continuing education to mortgage professionals in the state. These education requirements are a part of recent state legislation addressing new and changing licensing regulations for the industry.
The first national provider to be approved in the state, TrainingPro is offering two courses to meet the state's new mortgage training requirements. "Mortgage Basics: Increasing Knowledge, Creating Opportunities" satisfies the pre-licensing education requirement consisting of 24 hours of live instruction. The course covers several topics including federal and state laws, ethics, loan concepts and lending calculations. "Building Mortgage Credibility for Lasting Success" satisfies the eight-hour continuing education requirement that is also now in effect and must be completed by most mortgage professionals annually. The eight-hour training can be completed live, online or in home study format.
According to Regulatory Bulletin 5.1-105, "these educational requirements will familiarize potential applicants with the necessary lending concepts, processes, applicable laws and regulations related to the mortgage origination profession." Exemptions do exist and students should visit the state's website at http://www.mass.gov for more information. Massachusetts education requirements apply to mortgage loan originators.
Massachusetts mortgage education courses can be purchased through the TrainingPro web site at http://www.TrainingPro.com or by calling an account representative at 1-877-878-3600. Live class registration must be completed through an account representative.
Massachusetts is the 33rd state to approve TrainingPro as a mortgage education provider. TrainingPro is also approved in Alabama, Arizona, Arkansas, California, Colorado, Florida, Georgia, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Minnesota, Mississippi, Montana, Nevada, North Carolina, Ohio, Oklahoma, Oregon, Pennsylvania, South Carolina, South Dakota, Texas, Utah, Washington, West Virginia and Wisconsin.
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 http://www.TrainingPro.com.