The Safe Mortgage Loan Originator National Exam Study Guide

Author: Patricia O'Connor
Publisher: CreateSpace
ISBN: 9781494465544
Size: 37.72 MB
Format: PDF, Docs
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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.

Pass The Mortgage Loan Originator Test

Author: Real Estate Institute
Publisher:
ISBN: 9780997562101
Size: 26.91 MB
Format: PDF, Docs
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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.

Florida Mortgage Loan Originator Exam Study Guide

Author: Patricia O'Connor
Publisher: CreateSpace
ISBN: 9781496002723
Size: 34.70 MB
Format: PDF
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The text follows the NMLS outline for the Florida component of the SAFE mortgage loan originator exam. The book consists of four chapters, quizzes and one practice final exam. With 165 questions and answers to master, the reader should be well prepared for the Florida exam. Specific topics include: Florida License Law SAFE Act Mortgage Guaranty Trust Fund Loan Originator Rule Florida Fair Lending Act Florida Loan Modification Requirements Florida Homestead Exemption Law Florida Anti-Coercion Law Florida Real Estate Transfer Taxes Real Estate Settlement Procedures Act Equal Credit Opportunity Act Truth-in-Lending Act Dodd-Frank Wall Street Reform and Consumer Act Ability-to-Repay and Qualified Mortgage Rule Gramm-Leach-Bliley Act Fannie Mae and FHA Underwriting The material has not been reviewed by the NMLS. It is a study guide and not part of an approved 20-hour core course. The author is a former Florida-licensed mortgage broker who passed the national and Florida exams on her first attempt. Scroll to the top of the page and click on Buy.

Loan Officer Exam Secrets Study Guide

Author: Mometrix Media LLC
Publisher: Mometrix Media Llc
ISBN: 9781609719944
Size: 26.49 MB
Format: PDF, ePub, Docs
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***Includes Practice Test Questions*** Loan Officer Exam Secrets helps you ace the Loan Officer Exam, without weeks and months of endless studying. Our comprehensive Loan Officer Exam Secrets study guide is written by our exam experts, who painstakingly researched every topic and concept that you need to know to ace your test. Our original research reveals specific weaknesses that you can exploit to increase your exam score more than you've ever imagined. Loan Officer Exam Secrets includes: The 5 Secret Keys to Loan Officer Test Success: Time is Your Greatest Enemy, Guessing is Not Guesswork, Practice Smarter, Not Harder, Prepare, Don't Procrastinate, Test Yourself; A comprehensive General Strategy review including: Make Predictions, Answer the Question, Benchmark, Valid Information, Avoid Fact Traps, Milk the Question, The Trap of Familiarity, Eliminate Answers, Tough Questions, Brainstorm, Read Carefully, Face Value, Prefixes, Hedge Phrases, Switchback Words, New Information, Time Management, Contextual Clues, Don't Panic, Pace Yourself, Answer Selection, Check Your Work, Beware of Directly Quoted Answers, Slang, Extreme Statements, Answer Choice Families; Comprehensive sections including: Loan Disclosures, Good Faith Estimates, Predatory Lending, Equal Credit Opportunity Act, Fair Housing Act, Patriot Act, Broker Disclosure Form, Privacy Protection Policy Notice, Mortgage Lending Act, Features of Purchase Loans, Refinance Loans, 30 and 15-year Fixed Rate Loans, Second Mortgages, Home Equity Lines of Credit, Balloon and Adjustable Rate Mortgages, Nine Conforming Loan Approval Documents, Reverse Mortgage, Bridge and End Loans, Bi-weekly and Blanket Mortgages, Points, Interest Rates, Equity, Table Funding, Qualifying the Borrower, Credit Scores, Ratio Analysis and Housing Ratios, Collateral, Underwriters, Fannie Mae Risk Factors, Five Types of Verification, Foreclosures and Tax Liens, Three Types of Bankruptcy, Payment Shock, Compensating Factors, The 10-Month Rule, and much more...

Mortgage Lending Loan Officer Training

Author: Kenney
Publisher: Eiram Publishing
ISBN: 1933039620
Size: 71.94 MB
Format: PDF, ePub, Docs
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Congratulations on your decision to enter the mortgage-lending arena. Mortgage lending is one of the most secure, respected, and exciting career opportunities available. Each day will bring you challenges that you will overcome, the excitement of helping to create a loan program that meets the needs of both the borrower and the lender, and the satisfaction of helping each borrower achieve their dreams of home ownership. Home Mortgage Lending is an excellent career opportunity that provides stability, advancement, and a sense of satisfaction to the loan officer who obtains the knowledge and skills necessary to excel within the profession. The training contained in the course provides specific information concerning the loan process and the part you and others play in that process. The information we offer in this program provides you with the foundation that you need to become a well rounded mortgage professional. The top of your field, you will specialize in the overall picture. You will develop the perfect mix of knowledge and skills, add to it the creativity required when overcoming the specific issues that occur during the loan process, and begin on the path that will lead you to the top of your profession. Mortgage lending provides you with the career option that will make you one of the most highly respected professionals within your community. The skills that you will attain over the coming weeks will make you a commodity that is in high demand in the market. Research has shown that the most important attribute of a successful loan officer is the drive to succeed within their chosen profession. The drive to succeed surpasses educational degrees, experience and personal attributes. Purchasing this program shows that you have the initial drive needed to begin on the path toward career stability and success and the ability attain top-producer status. Mortgage Lending is perhaps one of the most satisfying career options available. You will perform the service of helping people to fulfill their dreams of home ownership. The industry is fast-paced, exciting and offers a stable opportunity to anyone willing to put forth the effort necessary to succeed. Each file you receive will contain a myriad of variations that will ensure every workday provides you with the challenge to perform at your best. The coursework builds the foundation that you will need in the coming days, months, and years. Upon successful completion of the coursework and an understanding of each review section, you will find that you are have a higher industry skill level then 90% of your competing loan officers.

The Mortgage Originator Success Kit The Quick Way To A Six Figure Income

Author: Darrin Seppinni
Publisher: McGraw Hill Professional
ISBN: 9780071502207
Size: 61.74 MB
Format: PDF, Docs
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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.

Loan Officer S Practical Guide To Residential Finance 2016

Author: Thomas A. Morgan
Publisher: Createspace Independent Publishing Platform
ISBN: 9781535563338
Size: 62.34 MB
Format: PDF, Docs
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This is the Updated 2016 Edition of the first book in the "Practical Guide" series for the mortgage industry. The July 2016 Version has been updated to meet the requirements of the TRID Rules, 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

Author: Professional Exam Review
Publisher: Cengage Learning
ISBN: 1111988404
Size: 20.60 MB
Format: PDF, Kindle
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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

Principles Of Real Estate Practice In Massachusetts

Author: Stephen Mettling
Publisher: Performance Programs Company
ISBN: 0915777134
Size: 73.37 MB
Format: PDF, ePub, Docs
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Principles of Real Estate Practice in Massachusetts contains the essentials of the national and Massachusetts real estate law, principles, and practices necessary for basic competence as a real estate professional and as mandated by Massachusetts license law. It is based on our highly successful and popular national publication, Principles of Real Estate Practice, which is in use in real estate schools nationwide. The text is tailored to the needs of the pre-license student. It is designed to - make it easy for students to learn the material and pass their real estate exam -prepare students for numerous career applications -stress practical, rather than theoretical, skills and knowledge. Principles of Real Estate Practice in Massachusetts is streamlined, direct and to-the-point. It includes multiple learning reinforcements. It has a student-oriented organization, both within each chapter and from chapter to chapter. Its examples and exercises are grounded in the authors’ many years in real estate education. Table of Contents Principles of Real Estate Practice in Massachusetts The Real Estate Business Rights in Real Estate Interests and Estates Ownership Encumbrances and Liens Transferring and Recording Title to Real Estate Real Estate Leases Land Use Planning and Control Legal Descriptions Real Estate Contract Law Agency Listing Agreements The Brokerage Business Contracts for the Sale of Real Estate Real Estate Market Economics Appraising and Estimating Market Value Real Estate Finance Real Estate Investment Real Estate Taxation Ethics: Laws and Practices Closings Real Estate Licensing and Regulation Risk Management Property Management Massachusetts Licensing Regulation Requirements Governing Licensees Transaction-Related Issues Licensee Disclosures; Consumer Protection Massachusetts Agency Landlord-Tenant Relations Environmental Concerns & Hazards Housing Regulations Real Estate Mathematics and Formulas Glossary of Residential Style and Construction Terms Glossary of General Real Estate Terms Index