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Ivy League Mortgage Education

Mortgage Lenders Network launches training program

November 17, 2005

By MortgageDaily.com staff

A Connecticut-based Alt-A lender seeks to create hundreds of jobs by educating its students about managing, selling and operating in the mortgage industry.

MLN University is touted as "a progressive and dynamic job-training program for college graduates, sales & mortgage professionals," according to an announcement today from Mortgage Lenders Network USA Inc. The school reportedly trains people about jobs in management, sales, service and operations.

MLN "could create hundreds of jobs for college graduates, sales & mortgage professionals, and anyone interested in working in the mortgage industry," the announcement said. Classes for experienced students will last 30 days, while less experienced students will undergo programs as long as 120 days.

Mortgage Lenders Network, which promotes its training at www.mlnusa.com, recently announced it would soon build a new headquarters facility in Wallingford, Conn., where it plans to accommodate 1,000 new employees. It plans to break ground on this facility, where the new "campus" will be located, in the spring of 2006. The facility will include classrooms and training labs, according to the company.

Until the new facility is open, classes will be conducted at the current Middletown headquarters and regional wholesale offices across the country.

"Training will be rolled out into three phases," said executive Mike Feeney in the statement. "First sales, then operations and eventually ongoing career development. Right now, we are focused on training sales representatives and managers.

"We are encouraging anyone interested in sales, with sales experience, or with mortgage sales experience to apply right away."

The programs, however, "are not accredited or recognized academic institutions, and do not offer a degree, diploma or certificate related to a particular field of study or academic achievement," the announcement said.

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