The mortgage industry continues to change annually. There are increased requirements for protecting the consumer, complying with time requirements, and increased disclosures. A seasoned MLO has witnesses these many changes and has likely come to expect new regulations and requirements flowing from the regulatory agencies on a regular basis. Experienced MLOs have learned to be well-prepared MLOs to confidently abide by new regulations and guidelines.

Staying complaint with updated and new mortgage laws is essential to remaining a well-prepared MLO. As processes become more streamlined, regulated, and protective of consumer safety, it is up to the mortgage loan originator to prepare for these changes and confidently adapt when they are implemented. Mortgage loan originators should set lifetime career goals to become highly skilled and accomplished in the mortgage field.

The most important aspect of the MLOs performance is to protect the consumer from any type of harm that could occur...