Last summer when MetLife revealed that it would sell its "forward" mortgage business the company did something smart for its workers: it paid for its loan officers to take classes and obtain their state licenses. Readers know quite well that bank LOs are exempt from such requirements, but MetLife theorized that it would have an easier time selling its production network to a nonbank if licensing became an issue. In the end, of course, MetLife could not find a buyer for its lending arm – despite many lookers. Still, hundreds of LOs that worked for MetLife Home Loans are finding employment. The reason: they have licenses.
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