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Article: WA Licensing Law.(Washington Association of Mortgage Brokers, Department of Financial Institutions' regulation)
- Article from:
- Origination News
- Article date:
- February 1, 2006
- Author:
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EDMONDS, WA -- The Washington Association of Mortgage Brokers is taking a public stance to support what it calls a crucial, pending legislative initiative that involves loan officer licensing and expanded examination authority by the Department of Financial Institutions in Washington.
"In nearly every consumer industry there is potential for fraud, however, more times than not, highly regulated industries uncover noncompliance due to a naive lack of knowledge," said Jeff Berglund, president of WAMB. "That's why as an organization we are dedicated to offering programs that support the professional development of mortgage brokers with ongoing training."
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