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MTI Training For Maryland.(Mortgage Training Institute)

Mortgage Servicing News

| October 01, 2006 | COPYRIGHT 2006 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

DENVER -- Mortgage Training Institute will be conducting education for Maryland's new requirement that all mortgage originators with less than three years experience take an approved 40-hour training course.

The Maryland Office of Financial Regulation has given MTI approval to conduct classes for those wishing to become or continue to be mortgage originators in Maryland. Individuals originating loans in Maryland that do not have at least three years of experience in the mortgage lending business must complete the course and pass a written examination by Jan. 1, 2007.

New applicants with less than three years experience must also meet the same requirements to obtain a license. MTI has developed a 40-hour live class that specifically meets the educational requirements that Maryland has mandated and is teaching this course on a monthly basis in Columbia, Md.

Originators that have between three and 10 years of experience in the mortgage business must complete 20 hours of approved continuing education every two years and those with 10 or more ...

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Source: HighBeam Research, MTI Training For Maryland.(Mortgage Training Institute)

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