Most commercial lenders have far more experience that residential lenders. All the commercial lenders I have dealt with over the years have college degrees. Many have MBA degrees Most of the residential lenders I have met in the past 35 years are bank loan officers. In other words, a diligent teller who earned a promotion after taking a few certification courses.LOL!
All you need to have in California to be a loan officer, ANY loan officer, including commercial, is a Real Estate license...period....Yes that's right. The same person you despise selling houses at exorbitant burst the bubble prices can also do commercial loans under the same license in California.
Oh and what are the requirements for getting a Real Estate License to be a commercial loan officer?...Pass a test.
Oregon does not require any license to be a mortgage broker. You can be a convicted felon and still handle the paper work. I know a guy working as a mortgage broker for the past five years. He has a felony record in N.J. and works under a different name here. He tells an interesting tale about running from the mob back east. But the mob is active out here as well.