Mortgage and Loan Education

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Loan Officer Certification

Written by Dana Hinders
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Since there are no federal licensing programs for mortgage professionals, it can be difficult for consumers to evaluate a loan officer's qualifications. Earning a loan officer certification is a way to show your clients that you are committed to providing quality service. Loan officer certifications also make a job seeker more attractive to credit unions, mortgage brokerages, banks, and other possible employers. However, certifications are not an adequate substitute for any necessary state licenses.

Most loan officer certification programs are administrated by professional organizations and trade associations. The certification standards are created by experienced loan officers who are committed to promoting responsible lending practices. Most certifications will require that an applicant pass a written exam measuring their knowledge of various loan products, familiarity with federal loan regulations, and commitment to ethical business practices.

Loan officers can generally earn different levels of certification depending upon their experience in the mortgage lending industry. More prestigious certifications require several years of work experience in addition to the formal education requirements. Some certifications are awarded on a lifetime basis, while others need to be renewed every few years by paying a specified fee and completed a series of continuing education activities.

Using Your Loan Officer Certification to Generate Business

Once you have completed a loan officer certification program, remember to include your certification in your business cards, letterhead, and other marketing materials. Display your framed certificate in a prominent location in your office. You may also want to consider submitting a press release to your local newspaper detailing the significance of your accomplishment and your continuing plans for professional development.


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