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Effective
06/11/2008
Illinois Department of Financial and Professional Regulation Office of
Banks and Real Estate
310 South Michigan Avenue, Suite 2130
Chicago, IL 60604
Telephone: (312) 793-3000
Fax: (312) 793-7097 or (312) 793-8720
http://www.idfpr.com/default.asp
A
loan officer/originator is required to be licensed. Licensing includes 6 hrs
Education, exam,
background check, license fees and finger printing. The total fees are
approximately $400+.
Download Free State Highlight Study Sheet
Illinois State Lending Blog
Effective 7/1/2008
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State Predatory Lending Database goes online - Cook County Only
- Register that consumer has reviewed terms of loan. Proposed site
www.ilapld.com.
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6 Hour Continuing Education
Course
6 Hours of Compliance |
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Illinois Test Preparation
Pass the Challenging Illinois Loan
Originator Exam - Mortgage Math, General Knowledge, State and
Federal Law
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Courses can be on any of the following
subjects
Accounting
Appraisal of Real Property
Compliance
Credit Report Review and Understanding
Ethics
Fair Housing Law
Fair Lending Practices
Federal Mortgage Laws
Finance
Illinois High-Risk Home Loan Act
Illinois Loan Originator Exam Review
Illinois Mortgage Laws
Internal Control
Loan Office Professional Training
Loan Procedures I Process I Understanding
Mortgage Fraud and Fraud Detection
Processing I Underwriting I Valuation
Residential Mortgage Lending Principles
Understanding the Real Property Sales Transaction
Visit
career training
to see list of electives
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