PARAMOUNT MORTGAGE - LENDER'S BLOG

There have been many changes in the mortgage banking industry in the last couple of years.

New regulations and laws now stipulate exact procedures, timetables and specific lending requirements to obtain a home mortgage.

Mortgage bankers must obtain a federal license and state licenses for every state in which they originate loans.

These changes in lending policies are designed to protect and aid borrowers when making mortgage decisions to purchase or refinance a new home.

All of Paramount’s Mortgage Bankers are fully licensed. They are part of an elite group of top-rated professionals.

When selecting any of Paramount’s mortgage banking professionals you can be assured they are:

• Licensed under the S.A.F.E. Act (Secure and Fair Enforcement for Mortgage Licensing Act of 2008);
• Approved and passed a comprehensive federal and state criminal background check;
• Passed extensive federal and state mortgage licensing exams;
• Passed an extensive credit check to ensure they are financially responsible and possess an upstanding character;
• Completed and passed licensing  education requirements: Pre-licensing includes 20 hours of professional development and continuing education with 3 hours of federal law, 3 hours of ethics, 2 hours of nontraditional mortgage lending plus 12 or more hours of specific electives. Each year thereafter, Paramount Mortgage Bankers must complete a yearly minimum continuing education requirement of 9 hours.

Paramount Mortgage Bankers are professionals who have years of experience and the training to provide superior service. You can always "Expect Excellence" from Paramount Mortgage.