Parsippany-based Mortgage Finance School Launches To Meet Growing Demand for Mortgage Licensing

PARSIPPANY, N.J., July 29, 2013 – Mortgage Finance School, based in Parsippany, N.J., was recently approved to offer preliminary education and continuing education courses by the National Mortgage Licensing System & Registry, the government agency that oversees licensing for mortgage loan originators.


Mortgage Finance School’s first preliminary education course will be held Aug. 19-21, at its campus in Parsippany, and will fulfill the federal and New Jersey pre-licensing requirements. Its first continuing education courses – for New Jersey, New York and Pennsylvania -- will be held Aug. 29-30. Information on the courses can be found at www.mortgagefinanceschool.com, or by calling (888) 253-6510.


Preliminary education classes have been required since the 2008 passage of the Secure And Fair Enforcement (S.A.F.E.) Mortgage Licensing Act, which established national and state licensing qualifications for those offering mortgage loan services. Mortgage license candidates are required to complete both federal and state specific preliminary education.


The S.A.F.E. Mortgage Licensing Act also requires licensed mortgage professionals to take federal and state specific coursework in continuing education each year to maintain their license.

“Mortgage Finance School was established to meet the growing demand for superior training in both preliminary and continuing education in line with the National Mortgage Licensing System,” said Tom Marinaro, president and founder of the Mortgage Finance School and one of its senior educators. “Our mission is to get career-minded individuals on the path to becoming loan officers with our preliminary education classes, and keep them on that path once they become a mortgage professional with our continuing education classes.”


According to Marinaro, a mortgage industry veteran who has worked as a mortgage loan officer and executive within the industry for more than two decades, mortgage professionals will be in high demand over the next several years as the real estate market rebounds. Given the changes within the industry over the last several years, New Jersey Department of Labor statistics indicate a dramatic drop in the number of loan officers since 2008.


Mortgage Finance School is set apart by the quality of its instructors, all of whom have decades of experience in areas including mortgage finance, law, compliance, management, and sales & marketing. They are all active within the mortgage and real estate industries. The senior educators at Mortgage Finance School are:


·         Marinaro, who has been a top loan officer with several firms before founding one of New Jersey’s largest mortgage companies. 

·         Andrew Liput, an attorney and compliance expert in the mortgage industry for more than 25 years; he has authored five books and dozens of professional articles.

·         John Bender, a licensed real estate instructor and real estate executive, who has been teaching licensing and continuing education courses throughout northern New Jersey since 2007.

·         Mike Martone, who has 20 years experience training loan officers, and who has run training programs for several mortgage companies.

·         Rick Riddle, a former executive at Weichert Financial Services, who has trained and motivated mortgage loan originators in the firm’s Real Estate Offices throughout northern New Jersey.

“Not only do our courses fully prepare our students to pass the federal and state required licensing exams,” said Marinaro. “They also are designed to give them the tools to become successful loan officers.”


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