The Fight to Standardize Educational Training for LOs

HousingWire, Apr. 19, 2022–Maria Volkova
The raison d’etre is the same whether you work as a mortgage loan officer at a depository bank or an independent mortgage bank–originate a purchase mortgage or refinancing for a client. But the educational foundation and understanding of mortgage products, rules and regulations can differ dramatically between depository LOs and their nonbank counterparts.