CalPERS loan officers have all completed in-depth training. The members of CalPERS are given the best service, lowest loan options and interest rates.  That being said all CalPERS Loan officers are trained and must complete all workshops and classes before being able to offer loans under this program.

Both the lender and borrow benefit tremendously. New streams of revenue are opened up for the loan officer while the consumer gets the best mortgages available.
All CalPERS loan officers must complete the entire standard training courses as well as one advanced course. After they have completed the workshops they will then be given a knowledge test. This test is to determine if they have absorbed the information presented within the courses.

If the loan officer passes the test they have become a certified CalPERS loan officer. This means that they will be able to use referrals directly from Citi Mortgage. The loan office though must meet a quota, however it usually is not difficult due to the extreme benefits received by the borrowers such as low down payments. Some other great bennifits of working with a CalPERS loan officer include:

•    Discounted Lender Free- Most convetional lenders will charge a $500-$800 processing fee, CalPERS cap this at $350.
•    Competitive Rates- CalPERS offers both purchase and refinance mortgage.
•    Loans up to $ 739,750- These loans have the same great rates as loans under $400,000
•    Offers FHA Loans- CalPERS offers these loans with only a 3.5% down payment and that  can come from retirement.

These are all great reasons to seek out a CalPERS Mortgage.

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About the Author:
Krista Scruggs is an article contributor to ApplyOnline24-7.com. ApplyOnline24-7.com connects you with service providers that can help you find the best CalPERS home loan. Our expertise in CalPERS home loans guarantees that your loan process will go smoothly, and you can rest assured that our Loan Officers are highly qualified and capable of handling your specialized needs.
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