R162-2c-501a. Optional Experience Equivalency Calculation

(1) Thirty months of full-time experience in the following activities shall be considered equivalent to one year of experience as a first-lien residential mortgage loan originator: (a) loan underwriter; (b) mortgage loan manager; (c) loan processor; (d) certified mortgage prelicensing instructor; (e) second-lien residential loan originator; and (f) a licensed mortgage loan originator working as a junior loan officer or assistant loan officer. (2) An applicant who wishes to receive experience credit under this Subsection R162-2c-501a, but who cannot demonstrate experience equivalent to a full year of first-lien residential mortgage loan origination shall: (a) be awarded experience credit as deemed appropriate by the division; and (b) complete the experience requirement through additional experience as a first-lien residential mortgage loan originator, as determined by the division.