News Column

AllRegs Releases Solution to Meet Depository Lender Requirements

August 16, 2014



By a News Reporter-Staff News Editor at Real Estate & Investment Business -- AllRegs, the leading information provider for the mortgage industry, has launched a mortgage training package designed to address the state and federal training needs now facing depositories.

Clarifications in Reg G placed new emphasis on the education of registered mortgage loan officers as it relates to both federal and state laws. The guidance suggests that not only must training be ongoing; it must now match the specific origination activities of mortgage employees.

"Providing periodic training for mortgage employees is no longer optional," said Dan Thoms, executive vice president for AllRegs. "We've worked with banks across the country for years. This product is a natural extension of the NMLSR mortgage training we currently offer to licensed loan officers."

AllRegs Depository CE Library consists of over 25 self-study courses covering both federal and state laws as they relate to activities surrounding mortgage employees. Content licensing is available, allowing companies to access training within their internal systems. Individual employee achievement certificates and auditor-ready reporting options round out the offering.

"The library is actually growing based on feedback from clients. It's a case where our clients' needs are so specific; they're practically shaping the product for us," said Thoms.

For more information about AllRegs Depository CE Library, visit http://www.allregs.com or call (800) 848-4904, Monday through Friday, between the hours of 8:00 a.m. and 6:00 p.m. CT. About AllRegsFirst introduced in 1989, AllRegs is used by virtually all of the top 100 lenders as well as throughout numerous governmental agencies, including Fannie Mae, Freddie Mac, the FHLBs, FHA, VA, RHS, Ginnie Mae, and more. AllRegs is the exclusive electronic publisher of the Fannie Mae and Freddie Mac Single and Multi-Family Seller/Servicer Guides and the Federal Home Loan Banks' MPF Program Guidelines. Products include single and multifamily underwriting and insuring guidelines as well as federal compliance laws and regulations, state compliance laws and regulations with plain-language analyses, contract publishing services, and a library of historical guidelines. The educational division, AllRegs Academy, offers virtual and live training, as well as designation and online guides. The Professional Services Group develops custom guides, policy manuals, and other documents on a contract basis. For more information, call (800) 848-4904 or go to www.allregs.com.

Keywords for this news article include: AllRegs, Mortgage, Real Estate.

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Source: Real Estate & Investment Business


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