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Licensing requirements hindering industry growth

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Mortgage Professional America | 11 Mar 2016, 06:30 AM Agree 0
Discrepancy between licensing requirements for originators and bank specialists are discouraging bank reps from joining the broker industry, according to one veteran
  • get this done! | | 11 Mar 2016, 11:23 AM Agree 0
    Very well said, I agree totally
    Ron Bender
    Bencorp Financial
  • Bill | | 11 Mar 2016, 11:52 AM Agree 0
    If an originator for a broker needs to be licensed, so should an originator for a bank. The double standards imposed by our government need to end. With all of the recent changes, the education required for licensing is even more important, but everyone has to be held accountable equally.
  • cheryl | | 11 Mar 2016, 12:06 PM Agree 0
    Well said Bill: those are the key words EVEN PLAYING FIELD....there has been a double standard for way too long....So "bank specialist" pull up a chair, belly up to an online course, PAY the fees and take the test. Problem is....Let's all go back, those banks took these "specialist" because they could not pass the tests, did not have the financial character required in the field. Now I'm personally using one example (a known person to me) When you can't pay your own bills, can't maintain payment to bankruptcy court, can't pay child support and fail the required educational testing 4 times over; NO you should not be working in a brokers office, in the banking field or with consumers at all. Anyone originating a mortgage need all these requirements; fees, education and financial character...broker, bank, mortgage bank, etc. I totally agree to equality!
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