American Pacific Mortgage Corporation Develops Industry Training…
“We are fully committed to enabling our mortgage branches to be able to adapt to market shifts by training new-to-the-business originators so they can serve their diverse communities of homebuyers better.” – Bill Lowman, CEO of APMC.
ROSEVILLE, Calif. (PRWEB)
September 06, 2017
Responding to the changing landscape of the mortgage workforce and next generation of millennial and diverse homebuyers, American Pacific Mortgage Corporation (APMC), a top-15 independent mortgage bank, has developed a unique training platform for new-to-the-business loan originators called LaunchPad.
LaunchPad is an all-inclusive, accelerated training platform that provides new-to-the-business mortgage professionals NMLS pre-license education, a working knowledge of mortgage industry basics and mentorship throughout. By helping to retool the mortgage workforce, APMC is serving the needs of the diverse, modern buyer.
HousingWire has reported that over the next decade, around 200,000 new loan officers will need to be brought into the industry as many reach retirement age. Several reports indicate that the average age of the loan officer today is 54. The industry could be facing a turbulent future as the need for loan officers to understand the millennial and diverse homebuyer becomes increasingly important. Customers like to work with loan officers who are a lot like them, and understand their expectations as homebuyers. To remain competitive and relevant, mortgage companies need to ensure they are hiring younger, more diverse mortgage loan originators. Through LaunchPad, APMC has developed a strategy to partner with its branch managers to help better prepare for such changes in the industry.
“We are fully committed to enabling our mortgage branches to be able to adapt to market shifts by training new-to-the-business originators so they can serve their diverse communities of homebuyers better,” said Bill Lowman, CEO of APMC. “We are forward-thinking at APMC and are carving a new path for training originators that you won’t find anywhere else in the industry.”
LaunchPad is a year-long program. The first 90-days is a paid, full-time intensive training program. Thereafter, the loan originator continues with success coaching and branch mentoring to ensure positive growth. The training highlights service to others and information on how the participants can propel themselves to their maximum income potential. Classes begin every few months. Upon completion, new loan originators have the fundamentals to build a successful career in the mortgage industry in a fraction of the time.
“With LaunchPad, we are doing something no other company in the industry is doing – we’re providing new-to-the-business training for recent college graduates, seasoned sales professionals, or those currently in the industry, but not yet originating. This type of training is a must in today’s market if the mortgage industry wants to evolve with shifting market dynamics,” said Director of Innovations at APMC, Kyle Nicholas McCray.
For more information on LaunchPad, please visit: http://www.apmortgage.com/launchpad.
About American Pacific Mortgage Corporation
American Pacific Mortgage Corporation (APM) is a U.S. residential mortgage company headquartered in Roseville, Calif. The company funded over $9.7 billion in home loans in 2016 and is licensed to lend in 19 states throughout the U.S. The company includes more than 800 loan advisors and branch managers in over 170 branch offices. Established in 1996, APM is built and led by a senior leadership group with decades of experience in mortgage lending. APM is 100 percent focused on making its branch managers and originators look good by providing the culture and resources to deliver home ownership in America. For more information, visit apmortgage.com.
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