2008-05-15 09:55:37 - Effective January 1, 2008, loan originators must be licensed and pass a state exam in order to conduct business in Washington.

Effective January 1, 2008, Washington State Department of Financial Institutions (DFI) requires all loan originators have a valid loan originator license in order to conduct business in Washington. Submitting an application no longer permits someone to conduct business. A person must be issued a valid loan originator license and pass the Promissor exam.

ProSchools, a leader in online education, has

developed a comprehensive Washington Exam Prep course, designed to prepare originators to pass the mortgage lending exam. The course covers mortgage lending laws, concepts and practices involved in the mortgage industry.

'ProSchools is excited to begin offering this product. We are committed to helping the mortgage industry in Washington and assist Washington loan originators obtain a mortgage license,' says John Vogler, VP of Sales for ProSchools.

DFI also requires licensed loan originators and designated mortgage brokers to complete continuing education in order to maintain their license. DFI has approved several ProSchools' online mortgage lending courses.

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, Nevada, Idaho, Iowa, Illinois, Georgia, Maine, Oklahoma, Pennsylvania, Minnesota, Nevada, Florida, Texas, and Wisconsin.

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