Any individual that works as a Certified CalPERS loan officer has completed in-depth training so members are given the best service, greatest loan options, and lowest interest levels possible. Therefore, anyone originating a PERS loan has undergone basic and advanced training services so members are offered with marked savings and protection when buying a new home or refinancing a pre-existing home. - calpers home loan program
This means that a CalPERS loan officer cannot offer people loans under this system until all required training and workshops have already been completed and passed. The huge benefits are tremendous, providing a brand new and innovative revenue stream for that lender but the most engaging mortgage loans to the borrower, so everyone wins.
Each CalPERS L.O. completes a standard training services course, along with an advanced training course. At the completion, this person need to take a knowledge test and if passed, he or she would become a certified loan officer for CalPERS. Certainly one of advantages is that the CalPERS loan officer can receive loan referrals completely from CitiMortgage. However, the they must meet a specific amount of production for each quarter and finish new certification annually.
To the borrower working with a CalPERS loan officer, this is great news. The borrower is being provided with professional services from the motivated lender. Therefore, the L.O. goes out and searches for the very best loans and lowest interest levels available rather than buying something subpar. Consequently, members are provided which has a cohesive list of loan options, many with information payments.
In addition, the CalPERS program sets rates daily and limits the fees that could be charged, so you don't have to worry about getting the best deal. Borrowers have the opportunity to look at a loan officer's record, after which choose the professional according to level and amount of service history. - calpers home loan program