|[July 25, 2014]
AllRegs Releases Solution to Meet Depository Lender Requirements
EAGAN, Minn. --(Business Wire)--
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
"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.
First 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.
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