Chicago, IL (1888PressRelease)
December 15, 2007 - Global Education announces the release of a new Mortgage Broker Continuing Education curriculum to their Online Financial Services Virtual University. The task that lies ahead is obtaining the appropriate state and professional association approvals to have the courses qualify for mortgage broker continuing education credits.
“We are pleased to complete the first phase of obtaining compliance approvals for our online mortgage continuing education curriculum,” says Michael T LeCornec, Founder and Executive Director of Global Education. Phase one has obtained approval for five states: Florida, North Carolina, Indiana, Illinois, and California with more states being added incrementally during 2008 and perhaps into 2009.
The mortgage brokerage industry has expanded dramatically over the past decade and as such many regulators and professional associations are now imposing continuing education requirements upon mortgage brokers. Global Education’s Virtual University is committed to serving the continuing education and license preparation needs to all sectors of financial services industry and plans to specifically address the needs of the mortgage brokerage community in the United States.
“Our VU Catalog offers a variety of continuing education courses ranging from Fair Housing; Liens, Taxes, and Foreclosures; and Closing and Settlement courses to name a few. “Quality material at a fair price that offers timely and efficient course completion is a high priority at Global Education,” says LeCornec, an elected member to the prestigious Who's Who in Finance and Industry.
Global Education will continue to seek approval in all states and with all professional associations requiring continuing education for mortgage brokers. It appears that some mortgage brokers may be reluctant to continue in the industry due to a very difficult financial that is adversely impacting the industry. Down cycles in a commission driven industries often show sharp reductions in new hires and those seeking to continue in the business.
Continuing education requirements often hasten young producers not yet seasoned to weather economic storms from continuing in the business. Continuing Education registrations often take dramatic downturns during poor business cycles. If that’s not enough bad news, there is pending legislation (HR3915) introduced by democrat Barney Frank that has the potential to cripple the mortgage brokerage industry and ultimately raise the cost of obtaining mortgages for consumers.
Michael LeCornec goes on to say, “We are committed to not having any mass exodus from a financial services industry due to continuing education requirements. CE should enhance, not diminish industry success. Global Education is providing mortgage brokers quality online education at low competitive rates. While the mortgage industry may be tough right now, obtaining your CE credits ought not to be.”
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