It is common practice for professionals in a variety of fields to seek out specialized training and industry education in order to stay at the top of their game. For some professionals, this training is actually required in order to obtain a license to practice, whatever their practice may be. This includes not only well known licensing of doctors, lawyers, and certified public accountants, but also includes professionals in the banking industry , such as those who work residential mortgages.

Because of the complexity of mortgage laws and lending practices, every state has established their own licensing requirements, which usually include a set amount of training on specific topics as well as testing to ensure that knowledge was understood and absorbed. With the 2008 SAFE Act, some national standards for licensing were set and the various states have worked over the past few years to ensure that their requirements meet federal minimum standards. SAFE also ordered the establishment of a national registry for all licensed mortgage professionals. This makes it easier for state officials to identify those operating without a valid license and for consumers to check if their loan officer and broker have a license in good standing.

The new system has ensured that all companies offering professional mortgage training follow those guidelines. So, anyone looking for North Carolina mortgage broker training needs to make sure that the program they choose meets not only the state requirements, but that it has been approved by the Nationwide Mortgage Licensing System.