Survey: Mortgage Applicants Prefer Loan Officers to Online Forms » Mortgage Masters Group

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Licensed mortgage loan originators need to complete 8 hours of annual continuing education every year, except for the year of original prelicensure education (pe). Courses must contain the following hours as a minimum. Three (3) hour on Federal Law; Two (2) hours on nontraditional mortgage products.

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Survey: Mortgage Applicants Prefer Loan Officers to Online Forms Mortgage Masters Group In a BCG survey of recent homebuyers, 79% said they would consider completing the entire loan application process online by themselves in the future.viii A separate survey of lenders confirmed the same, with 81% saying that borrowers prefer online loan.

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