ProSchools is Approved by the Illinois Department of Financial and Professional Regulation (IDFPR) to Offer Mortgage Education

2008-11-07 21:08:39 - Illinois Department of Financial and Professional Regulation (IDFPR) mandates education for registered residential mortgage loan originators

ProSchools, a leader in online mortgage education, has developed comprehensive mortgage education courses designed to meet the Illinois continuing education requirements. Licensees must renew annually. Courses cover Truth in Lending Act, Credit Scoring, and Federal Mortgage Lending Laws.

Illinois law requires a registered residential mortgage loan originator to complete six hours of continuing education in residential mortgage finance and related topics. The residential mortgage licensee that employs a loan originator must assure that the loan originator meets the continuing education requirement. The renewal process takes approximately 4-6 weeks.

ProSchools is approved by the Illinois Department of Financial and Professional Regulation (IDFPR) as an Illinois mortgage education provider.

"ProSchools courses are designed to meet Illinois education requirements," says John Vogler, Vice President of Sales for ProSchools. "More and more states like Illinois are requiring education for loan originators, in an effort to combat mortgage fraud. We are committed to helping Illinois mortgage professionals meet these new regulations."

ProSchools offers online real estate education, insurance education, mortgage lending education, and property appraisal.

With over 50 years experience developing real estate, insurance, and mortgage lending courses, ProSchools is also an approved mortgage provider in Oregon, Washington, Idaho, Iowa, Illinois, Georgia, Maine, Oklahoma, Pennsylvania, Minnesota, Nevada, Florida, Texas, Colorado, and Wisconsin.

More information can be found at the ProSchools website at www.proschools.com or by calling ProSchools at 1-800-452-4879.