Try saying that 3 times fast! I’m preparing for my presenation at the Greater Eastside Escrow Association on Thursday on Loan Originator Licensing. I’m going to feel a little like the wolf in front of the hen house…although I’ll be out numbered! It’s actually all good. I have a background in title and escrow in my past life before I was a lender. Since I’m working on assembling a list to hand out to the Escrow Officers, I thought it might be more convenient to post the website regarding licensing here.
Mortgage Broker Practices Act Rules
Washington State’s Broker and Loan Originator Licensing Law Chpt. 208-660 WAC
DFI’s List of Licensed Loan Originators (this is very backlogged…I’m not on it yet and I should be. So please don’t assume that because a LO’s name is not on the list that they didn’t pass the background check).
Rain City Guide blog that I authored, Licensed to Loan
Ethical Lending Foundation — offers clock hour approved courses for loan origintors.
I’m sure there’s more information available…this is just a quick place to start! If you have suggestions for other links I should post here, please comment and let me know.
Next I propose you get the 30 states without loan officer licensing to wake up. Lar
It’s my understanding that a national level of regulation/licensing is in the works… no where to run or hide now… at least, not if you’re a broker!