AllRegs Course Meets Illinois and Oklahoma Loan Originator Continuing Education Requirements.- AllRegs Academy Now Offers State-Approved Continuing Education continuing education: see adult education. continuing education or adult education Any form of learning provided for adults. In the U.S. the University of Wisconsin was the first academic institution to offer such programs (1904). Courses for Mortgage Brokers, Loan Originators - EAGAN, Minn. -- AllRegs, the leading information management provider for the mortgage lending industry, and the official training provider for the National Association of Mortgage Brokers The National Association of Mortgage Brokers, or NAMB is self-described as the "only national trade association representing the mortgage broker industry in the United States." It has a membership of 27.000 members and was founded in 1973. (NAMB NAMB North American Mission Board NAMB National Association of Mortgage Brokers NAMB National Association of Master Bakers ), 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 well as federal course requirements for the S.A.F S.A.F Sport Association .E. Act. As new courses are approved they will be added to our web site and available for registration." Read below to learn about the approval details and the description of the course. 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 The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. strategies, common loan products and various quality levels of underwriting Underwriting 1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments that are issuing securities (both equity and debt). 2. The process of issuing insurance policies. . 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. AllRegs is the official training provider for the National Association of Mortgage Brokers (NAMB), the voice of the mortgage broker industry. To register for Essentials of Mortgage Lending and to learn more about AllRegs continuing education offerings, visit www.allregs.com/ce or call (800) 848-4904. Should you have any questions regarding AllRegs publishing solutions, or its other products and services, including AllRegs Academy, please contact AllRegs at (800) 848-4904 or visit the company's Web site at www.allregs.com. AllRegs is proud to be named one of the 2008 Mortgage Technology Top 50 Service Providers for 2008. About AllRegs First introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae Fannie Mae: see Federal National Mortgage Association. , Freddie Mac Freddie Mac: see Federal Home Loan Mortgage Corporation. , the FHLBs, FHA See Federal Housing Administration. FHA See Federal Housing Administration (FHA). , VA, RHS RHS Royal Horticultural Society RHS Right Hand Side RHS Rural Housing Service RHS Rickards High School (Tallahassee, FL) RHS Red Hat Society RHS Ridgewood High School (New Jersey) , Ginnie Mae Ginnie Mae: see Federal National Mortgage Association. , and more. AllRegs is a Mortgage Technology Magazine Top 50 Service Provider for 2008, a finalist in the 2008 Mortgage Technology Magazine Lasting Impact Award category, and the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides, The Federal Home Loan Banks' MPF MPF mitosis-promoting factor. Program Guidelines, and CalPERS' Member Home Loan Program Guidelines. Products include single and multifamily underwriting & insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services and a library of historical guidelines. The educational division, AllRegs Academy, offers distance learning, classroom training and practical guides. For more information, call (800) 848-4904 or go to www.allregs.com. |
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