The Safe Mortgage Loan Originator National Exam Study Guide

The Safe Mortgage Loan Originator National Exam Study Guide Author Patricia O'Connor
ISBN-10 149446554X
Year 2013-12-21
Pages 272
Language en
Publisher CreateSpace
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What's the secret to passing the SAFE Mortgage Loan Originator National Exam? If you answered "memorizing all the questions and answers you can find," you're wrong. You'll have a much better chance of passing the loan originator exam if you understand the material. "The SAFE Mortgage Loan Originator National Exam Study Guide - Second Edition" explains the required information and contains links to additional material. Prepare Yourself for a New Career This updated and enhanced loan originator exam manual includes the latest rulings by the Consumer Financial Protection Bureau. Other topics include: Federal Mortgage-Related Laws SAFE Act Introduction to Mortgage Lending General Mortgage Knowledge Basic Concepts of Mortgage Financing The Loan Application Underwriting, Closing and the Secondary Market Ethics and Fraud Mortgage Terminology There are quizzes throughout the book and two practice final exams to help you test your knowledge; in total, there are more than 400 questions and answers. The author was a licensed mortgage broker for seven years and passed the national exam on her first attempt. Scroll to the top of the page and select the Buy button to get started on your new career.

Loan Officer s Practical Guide to Residential Finance 2014

Loan Officer s Practical Guide to Residential Finance 2014 Author Thomas A. Morgan
ISBN-10 1500328820
Year 2014-06-26
Pages 374
Language en
Publisher
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This is the Updated 2014 Edition of the first book in the "Practical Guide" series for the mortgage industry. The May 2014 Version has been updated to meet the requirements of the SAFE Act, CFPB, Dodd-Frank and many other changes. We have also made many of the changes recommended by Amazon readers and reviewers. With all of the changes in the industry, keeping this product up-to-date is a full time job.The book covers all of the vocational skills required of the loan originator, but also includes all Federal law, ethics, predatory lending and fraud components required by the Federal SAFE loan originator licensing Act of 2008.Published since 1992, and updated annually, this 390 page textbook was written as an answer to the "sink-or-swim" training methods of many mortgage firms. The format is designed to give the newly initiated loan officer/agent, lender, processor, or other initiate the practical information they need to do the loan officer's job.The reader learns how to understand rate and point quotes, how to use a financial calculator, how to make basic computations customers require, how to understand loan programs and compare product features. The student progresses through understanding loan specifications - Conventional Conforming, Jumbo, FHA/VA and Sub-Prime program guidelines - to a practical understanding of ratios, income, assets and closing costs, debts and credit history. This is then placed in the context of the loan application - how to collect all the required documents and disclosures and supervise a loan from application to closing. Beyond the basics, students learn how to finance various property types; condos, PUDs, new construction and investment property. A detailed chapter on refinancing addresses the issues which most often confront the loan officer in a period of heavy refinancing - 10 reasons to refinance.Finally, understanding how loans are made in the secondary market and the basics of interest rate quoting and behavior are covered.This product is submitted for approval for use in continuing education in all states which have, or are adopting, a requirement. Many companies use this product as a handout to prospective new loan officers. Many loan officers give this product to their referral sources to help educate them to the requirements of the industry.

National Residential Mortgage Loan Originator 2nd ed

National Residential Mortgage Loan Originator  2nd ed Author Professional Exam Review
ISBN-10 9781111988401
Year 2011-10-07
Pages 272
Language en
Publisher Cengage Learning
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This comprehensive guide is an excellent resource for mastering the modern mortgage principles and practices essential to understanding the financing of residential real estate as generally applied to all states. The mortgage industry has gone through a

The Mortgage Originator Success Kit The Quick Way to a Six Figure Income

The Mortgage Originator Success Kit  The Quick Way to a Six Figure Income Author Darrin Seppinni
ISBN-10 0071502203
Year 2006-01-06
Pages 400
Language en
Publisher McGraw Hill Professional
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Sometimes opportunity finds you--are you ready? The mortgage business is not only booming, but it's one of the few industries that doesn't require a college degree to make lots of money. In fact, as a mortgage originator , the only limit to income potential is your own effort and ability. But how can you break into this lucrative business? The Mortgage Originator Success Kit is a one-of-a-kind resource dedicated to helping you make the leap into an exciting career in the mortgage business. This comprehensive resource gets you started with expert advice on virtually every aspect of the business. Mortgage pro Darrin Seppinni thoroughly explains the basics of the mortgage business in simple, clear language that is perfect for beginners. He walks you step-by-step through the loan process, including Helping clients fill out a loan application Understanding calculations and formulas that go into every mortgage A review of the specifics of credit, property qualification, and government loans Tips on customer service and vital sales techniques Instruction on laws and ethics of the business Plus, each chapter ends in a handy quiz that helps you retain and apply the concepts and tactics you learn. Seppinni also shows you how to avoid common mistakes and covers all the bases to get you on the right track. Plus, he shares the secrets of his success with professional tips and techniques that can take you to a six-figure income in no time. Even if you don't know anything about real estate finance, this simple guide provides all the inside advice you need to make a bundle, with step-by-step guidance on every vital topic, concept, and tactic. With full coverage of licensing and education requirements for every state and sample legal loan documents and forms, The Mortgage Originator Success Kit is a complete and comprehensive resource for anyone who wants to break into this growing field. There has never been a better time to get into the mortgage business--and there's never been a better book to help you do it.

Mortgage Management For Dummies

Mortgage Management For Dummies Author Eric Tyson
ISBN-10 9781119387800
Year 2017-06-12
Pages 312
Language en
Publisher John Wiley & Sons
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Quickly make sense of mortgages Taking out a mortgage to purchase real estate is a huge decision, one that could affect your family's finances for years to come. This easy-to-follow guide explains how to secure the best and lowest-cost mortgage for your unique situation. Whether you select a 15- or 30-year mortgage, you'll get all the tips and tricks you need to pay it off faster—shortening your payment schedule and saving your hard-earned cash. Fine-tune your finances Qualify for a mortgage Secure the best loan Find your best lender Refinance your mortgage Pay down your loan quicker Must-knows about foreclosure Top mortgage no-nos

Pass the Mortgage Loan Originator Test

Pass the Mortgage Loan Originator Test Author Real Estate Institute
ISBN-10 0997562102
Year 2016-09-15
Pages
Language en
Publisher
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Make no mistake, the SAFE National With UST exam is TOUGH. This study guide has helped thousands of MLOs nationwide successfully kick off their careers as state-licensed loan originators. "Pass the Mortgage Loan Originator Test: A Study Guide for the NMLS SAFE Exam" delivers critical information - covering the topics on the most recent version of the NMLS content outline (including TRID disclosures and the Qualified Mortgage/Ability to Repay rule) - in a clear and concise manner. This means that what is learned is actually retained. Most importantly, with this resource, you don't just memorize useless questions. You are thoroughly immersed in the material that you need to master in order to successfully pass the exam on your first attempt. Included practice exams help to measure how well you understand the concepts. They will give you a glimpse into the types of questions - and the difficulty - of what you'll face when you head to the testing center. Study with confidence. Authored by a team of esteemed mortgage loan originators, experienced financial writers and passionate educators, "Pass the Mortgage Loan Originator Test: A Study Guide for the NMLS SAFE Exam" provides accurate, relevant and timely information.

The Mortgage Encyclopedia

The Mortgage Encyclopedia Author Jack Guttentag
ISBN-10 0071458492
Year 2004-06-21
Pages 350
Language en
Publisher McGraw Hill Professional
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A one-stop reference for in-depth explanations of mortgage topics With the creation of so many new, complex mortgage programs, it's difficult for consumers --not to mention real estate agents, attorneys, closing agents, and mortgage brokers--to keep track of them all. Written by nationally syndicated real estate columnist Jack Guttentag, The Mortgage Encyclopedia helps readers understand the various mortgage terms, features, and options by offering clear, precise explanations. The alphabetical organization of terms makes it easy to quickly find information on any topic, from FHA, Investor, and No-PMI Loans to Origination Fee and Rate Float. Each entry includes not just a description of the term, but also relevant advice for consumers, such as answers to the questions "Is this loan right for me?" and "Can I negotiate this fee?" Guides readers through the bewildering array of new mortgage programs Features definitions and explanations of common mortgage, escrow, and closing fees and arcane mortgage terminology

How to Retire with Enough Money

How to Retire with Enough Money Author Teresa Ghilarducci
ISBN-10 9780761187110
Year 2015-12-15
Pages 112
Language en
Publisher Workman Publishing
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Here is a single-sit read than can change the course of your retirement. Written by Dr. Teresa Ghilarducci, an economics professor, a retirement and savings specialist, and a trustee to two retiree health-care trusts worth over $54 billion, How to Retire with Enough Money cuts through the confusion, misinformation, and bad policy-making that keeps us spending or saving poorly. It begins with acknowledging what a person or household actually needs to have saved—the rule of thumb is eight to ten times your annual salary before retirement—and how much to expect from Social Security. And then it delivers the basic principles that will make the money grow, including a dozen good ideas to get current expenses under control. Why to “get rid of your guy”—those for-fee (or hidden-fee) financial planners that suck up valuable assets. Why it’s always better to pay off a loan or a mortgage. There are no gimmicks, no magical thinking—just an easy-to-follow program that works.

Mortgage Loan Processing

Mortgage Loan Processing Author Alex Johnson
ISBN-10 9781435746961
Year 2008-01-01
Pages 151
Language en
Publisher Lulu.com
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Today's Lesson: HOW TO EARN A GREAT INCOME processing Mortgage Loans. Learn and Earn a Nice Living that will last a life time. Easy Step-by-step Manual study guide with over 130 pages of training. This manual gives you the mortgage training you need to be professional.

Becoming the Successful Mortgage Broker

Becoming the Successful Mortgage Broker Author Jason Myers
ISBN-10 1944313095
Year 2016-06-01
Pages
Language en
Publisher
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Becoming a millionaire in the mortgage industry doesn't happen by chance. When you lay the proper foundation, you create that opportunity. The first book in Jason C. Myers' invaluable series for mortgage industry professionals, Becoming the Successful Mortgage Broker provides in-depth information for those individuals just getting started in the mortgage industry, and even for those who simply want to know more about what it takes to get started. From those who are merely curious to anyone looking to make the transition from banker to broker, Myers provides an invaluable resource that touches on a wide variety of relevant topics, such as marketing, legalities involved, and compliance to industry regulations. The insight Myers shares within these pages will help you easily navigate as you move forward in the highly profitable world of mortgage-and for the rest of your journey toward achieving success.

Loan Modification For Dummies

Loan Modification For Dummies Author Ralph R. Roberts
ISBN-10 9780470555330
Year 2009-07-30
Pages 288
Language en
Publisher John Wiley & Sons
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The crucial information you need to secure a reliable loan modification and save your home Behind on your mortgage payments? Worried about losing your home? Don't panic. Loan Modification For Dummies gives you the reliable, authoritative, easy-to-understand guidance you need to apply for and secure a loan modification that lowers your monthly house payment and keeps you in your home. This practical, plain-English guide leads you step by step through the loan modification process, from contacting your lender to applying for a loan modification, evaluating the lender's initial offer, and negotiating a modification that lowers your monthly payment while helping you catch up on any past-due amounts. You'll learn how to communicate with your bank or loan servicer, recognize and avoid loan-modification scams, and find a knowledgeable loan modification specialist, if you choose not to do it yourself. Advice on determining whether you're likely to qualify for your lender's loan modification program Guidance on preparing and submitting a loan modification application that improves your chances of success Helps you figure out a monthly payment you really can afford Tips on modifying your loan even when you owe more than your home's current market value Negotiation advice for securing the best possible terms and lowest monthly payment Resources for contacting your lender, obtaining free or affordable third-party assistance, and getting government agencies on your side Read Loan Modification For Dummies and start saving your home today.

Residential Mortgage Lending Principles and Practices 6th ed

Residential Mortgage Lending  Principles and Practices  6th ed Author Thomas J. Pinkowish
ISBN-10 9780324784640
Year 2011-05-18
Pages 624
Language en
Publisher Cengage Learning
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This text is designed for both employees of mortgage lenders and individuals like you studying real estate finance who want to enhance that study with practical residential mortgage lending principles and practices. The author provides a thorough overview

The Mortgage Encyclopedia The Authoritative Guide to Mortgage Programs Practices Prices and Pitfalls Second Edition

The Mortgage Encyclopedia  The Authoritative Guide to Mortgage Programs  Practices  Prices and Pitfalls  Second Edition Author Jack Guttentag
ISBN-10 9780071742252
Year 2010-05-14
Pages 352
Language en
Publisher McGraw Hill Professional
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The bestselling one-stop guide to mortgages—updated for the post–housing crisis market! The Mortgage Encyclopedia demystifies all the various mortgage terms, features, and options by offering clear, precise explanations. Fully updated to address the new realities introduced by the housing crisis of 2007, The Mortgage Encyclopedia provides not just a complete description, but also in-depth discussion of the issues that may affect you, whether you're a homeowner (or homeowner-to-be), real estate agent, loan provider, or attorney. With this handy, comprehensive guide on hand, you have instant access to: Definitions and explanations of common mortgage-related terms, as well as arcane mortgage terminology, listed alphabetically Expert advice on the most pressing issues, such as whether to use a mortgage brokers, the benefits of paying points versus a larger down payment, and the hazards of cosigning a loan The truth about common mortgage myths and misperceptions—and the pitfalls you need to avoid Helpful tables on affordability, interest cost of fixed-rate versus adjustable rate mortgages, and much more So the next time you ask yourself such questions as "Is this FHA loan right for me?" or "Can I negotiate this fee?" reach for this indispensable guide and get the fast, accurate information you need!

Retire on Less Than You Think

Retire on Less Than You Think Author Fred Brock
ISBN-10 0805073744
Year 2004
Pages 191
Language en
Publisher Times Books
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A New York Times reporter who specializes in retirement issues offers a practical guide for saving enough money for retirement, covering personal financial planning, taxes, lifestyle choices, health insurance, and other important issues. Original. 17,500 first printing.