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Loan Officer's Practical Guide to Residential Finance - 2010 SAFE
Act Version - UPDATED AS NMLS Study Guide!
ISBN 0-9718205-3-8
NEW!! We have combined our
mortgage knowledge guide and compliance guide into 1 product that
covers 100% of the SAFE Act required curriculum and more.
This course is on-file at
the NMLS and can be licensed to your firm for use in obtaining
approval for your company's in-house courses. (Mortgage
companies, community colleges, vocational programs, community
development corporations and real estate schools)
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.
Great as:
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New Training Program for
potential recruits (If they read it, you know he or she is serious)
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Tool for referral sources
(give it to your agents, CPAs, financial planners, builders, etc. -
discounts for purchases in quantities greater than 10)
Published since 1992, and updated annually, this 380 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.
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Up
The Loan Officer's Practical Guide to Residential Finance
The Practical Guide to Loan Processing
The Loan Officer's Practical Guide to Marketing w/ Tools
The Loan Officer's Practical Guide to Compliance
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