Photo courtesy: Debra Killian
By: Nic Abelian
Most consumers assume that all mortgage professionals are held to the same educational and testing standards—but that couldn’t be further from the truth. Did you know that mortgage loan originators (MLOs) employed by banks and credit unions (depositories) are not required to take any formal education or pass a national exam? That means many of the people responsible for guiding borrowers through one of the biggest financial transactions of their lives may have never received structured mortgage training. In contrast, MLOs working for independent mortgage brokers and lenders (non-depositories) must complete pre-licensing education, pass a national exam, and complete continuing education each year. This lack of consistency in training creates a serious risk for consumers who may unknowingly work with undertrained loan officers, putting their financial future at stake.
When an untrained or undertrained MLO is handling a mortgage, the potential for harm is significant. They might miscalculate income, fail to properly disclose fees, or put a borrower into an unsuitable loan product—mistakes that can cost borrowers thousands of dollars, lead to loan denials, or even result in foreclosure. Homebuyers trust their loan officer to guide them through a complex process, but without structured education, many MLOs are left to “learn on the job”—often at the expense of the borrower. Even experienced professionals who want to start their own mortgage company struggle with navigating compliance, operations, and business development, leading to avoidable regulatory issues and business failures. The mortgage industry desperately needs better-trained professionals who can serve consumers ethically and competently.
That’s why we created “Your First Year in Mortgages – From Licensing to Mastery.” This program is designed to bridge the gap between licensing and real-world success by providing structured, comprehensive training that goes beyond just passing an exam. We take new and transitioning professionals through a step-by-step process, covering mortgage origination fundamentals, underwriting, compliance, borrower qualification, and sales strategies. For experienced loan officers ready to start their own mortgage brokerage, we provide the business-building tools necessary to navigate licensing, compliance, and operations—ensuring they have the foundation to grow a sustainable mortgage business. This program ensures that professionals not only meet licensing requirements but also develop the critical skills needed to serve borrowers effectively.
Consumers deserve to work with knowledgeable, ethical, and well-trained mortgage professionals. If you’re serious about building a career in mortgage lending—or taking your business to the next level—now is the time to invest in the right education. Whether you’re new to the industry, transitioning from real estate or finance, or ready to start your own mortgage company, this program will provide the training, structure, and support you need to succeed. Take control of your career and give borrowers the expertise they deserve. Enroll today.
🔗 Learn More & Enroll: Your First Year in Mortgages – From Licensing to Mastery.
