January 03 2010
MORTGAGES; Brokers Tested on Proficiency
IN late-model months, loan officers around the woods have begun taking federally mandated licensing exams, which multitudinous in the industry consider serviceable for borrowers in the lengthy run. According to the Congress of State Banking Supervisors, which oversees the testing, 31 percent of the around 10,000 people who took the chauvinistic test from July 30 to Nov. 30 failed it, and there 27 percent did not pass the state-specific component.