Opportunities to get educated about the mortgage business are being provided both by trade groups and private businesses. One program is targeting millennials who are being recruited to replace the aging loan originator population.
Earlier this month, the Mortgage Bankers Association announced that its education division re-launched an online self-study library that consists of “digestible, accessible and affordable courses so lenders of all sizes can get the quality training they need.”
The residential lending trade group noted that the library includes comprehensive training that is skill-based. It was developed by MBA Education staff instructors and can be utilized by association members with a varying degree of experience.
Earlier this year, Edison, New Jersey-based Indecomm Global Services announced that its learning division was
selected for TrainingIndustry.com’s Top Authoring Tools Companies List.
The recognition was the result of Indecomm’s
WoW! Author – ILT Authoring Platform & RapideL Tool.
“This year’s Top Authoring Tools Companies List was based on leadership and innovation in authoring tools; breadth of authoring tools and delivery methods offered, company size and growth potential; quality and number of clients/users; geographic reach and awards, recognition and competitive differentiation,” Indecomm stated.
A VA Boot Camp training and certification program was unveiled on March 8 by Envoy Mortgage. The program is intended to increase the level of knowledge employees have about loans guaranteed by the Department of Veterans Affairs.
After students complete each of eight VA training modules, a test is administered to them.
Once they pass the test, they can move on to the next module.
So far, nearly a third of the Houston-based company’s employees have reportedly completed the program through its Envoy University. The success has prompted plans to offer the training to real estate agents and service providers.
NAMB+ — a for-profit arm of NAMB, the Association of Mortgage Professionals — has endorsed Morf Media Inc. for NAMB members, according to a Feb. 4 news release.
Morf Media is “a provider of one to one customized online training to mobile networks, partners and customers on a number of platforms, including smartphones and tablets,” the statement said.
A month earlier, America’s Mortgage Institute said a new training program, the Mortgage Master Program, is designed for new loan officers at banks. It is powered by the Morf Playbook talent development and training platform.
The program, which is designed for use on mobile devices, is intended to help recruiters and bank managers attract millennials to
loan officer positions that are opening up as baby boomer originators retire. It provides around 50 hours of training.
“Perhaps the biggest beneficiaries of the loan officer shortage are college grads, with earning potential starting at $50,000 to $60,000 a year with an outlook of more than $100,000 as they move up the banking career ladder,” Morf Media Senior Vice President e-Learning Ginger Bell said in the statement. “But we know that millennials want earning power and a meaningful career path coupled with technology innovation to stay on top of their game.”
