Even though I worked in the loan industry I was shocked to discover recently that the FHA had been around since 1934. The only reason I learned this my job required me to get specific FHA training in order for our bank to be re-certified by the government after the bailouts start to take place.

Our industry is undergoing some massive internal change. What the news reports doesn’t even begin to scratch the surface of what is happening. Most of it is good, and that which is bad, is really only bad to those being left go. Of course, if they are being laid off, they probably have done something specific to deserve those actions.

Or perhaps they just failed to get their required loan officer training and as a result are no longer certified to be performing the duties they once could. While I’m a ways from being able to get into the loan officer programs at my company, I do want to head in that direction.

As the banking industry works its way out of the deep, deep hole it currently finds itself in, I know those of us who stick it out, get re-educated and certified, will find many long term advantages over those who flee the industry.

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