Mortgage Educators and Compliance bought by 360training

360training.com, Inc. (360), an on-line regulated practising supplier, bought Mortgage Educators and Compliance (MEC), a mortgage lending practising firm, both companies announced this week.

Established in 1997, 360 specializes in comprehensive on-line practising solutions for participants and companies all over industries – including financial providers, true property, healthcare and environmental well being and security.

The acquisition represents 360’s dedication to bettering the scope of training accessible to financial provider mavens within true property and mortgage, in step with 360.

The financial phrases of the transaction weren’t disclosed.

“This collaboration lets in us to broaden our academic portfolio and provide an far more comprehensive suite of in point of fact good practising programs tailor-made to fulfill the evolving wants of financial providers mavens,” talked about 360’s CEO, Tom Anderson, in a assertion.

360 plans to enlarge its direction catalog, incorporating a various vary of mortgage lending practising modules overlaying matters akin to lending regulations, underwriting practices and mortgage origination.

“By combining skills and resources, we design to elevate our potential to equip participants and companies in some unspecified time in the future of the lending sector with in point of fact good data and instruments, empowering them to navigate the intricate panorama of financial providers with self assurance and excellence,” talked about Samantha Montalbano, COO of 360training.

Approved by the Nationwide Multistate Licensing System (NMLS) since 2009, MEC specializes in on-line mortgage and financial providers decent constructing.

MEC prides itself as a “one-stop on-line resource for all issues mortgage practising and training.”

The firm provides disclose-particular mortgage mortgage originator license courses that satisfy nationwide and disclose-particular requirements as well to tailor-made courses for existings LOs coming into a brand new disclose, in step with the on-line field.