Correspondence School

Written by Dana Hinders
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Correspondence courses are available from a variety of professional organizations and loan officer training schools. In some states, correspondence school courses can be used to fulfill continuing education requirements for license renewal. Completing correspondence courses can also help improve a loan officer's future job prospects by showing his or her commitment to professional development.

Correspondence courses can be either print or web-based. Lessons are completed at your own pace during the times that work best with your schedule. A qualified instructor typically provides feedback on completed assignments and answers any questions that you may have about the material.

Correspondence course topics cover the issues most commonly faced by loan officers in their daily work. Courses for beginning loan officers generally cover mortgage loan origination, residential mortgage loan brokering, fair lending, and regulatory compliance. Possible topics for more advanced correspondence courses include appraisal, credit scoring, residential underwriting, and consumer privacy guidelines. Some schools also offer correspondence courses for self-employed loan officers that discuss marketing strategies and ways to increase business.

Guidelines for Choosing Correspondence Courses

Careful research will help you get the most from your correspondence school experience. Ask your coworkers and colleagues if they have had any experience with the organization offering the correspondence course you are considering. Request a course syllabus from the organization to determine if the course covers the topics that you are interested in. If you are registering for a correspondence course to fulfill a continuing education requirement for renewal of your loan officer license, make sure the course is accepted by your state's regulatory agencies.


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