You have chosen to be a mortgage professional and that's what you need to be. The better trained you are the more professional you can be.
This manual give you the basic mortgage training you need to be professional.
Over 180 pages of confidence building, image enhancing material is within your grasp. Over 17 chapters cover all you need to know to be the best mortgage originator around. Once you complete this manual your co-workers who have been in business for years, will be amazed that you are more knowledgeable then them!
This book is a must for all loan officers originating loans. It is both an excellent training manual and a wonderful reference book of mortgage laws, terms, and techniques. Not only is it filled with useful information, but you also get easy to use forms, agreements, and worksheets.
This book will show you how to:
Get your loans approved by FNMA.
Do a full fledged pre-qualification in less than 5 minutes.
Fill out a Good Faith Application with your eyes closed.
Complete an entire 1003 application and understand it thoroughly - this includes exercises.
Know the differences between the various mortgage loans available today.
Understand and interpret rate sheets.
Obey all laws involved to keep you out of jail.
Understand B, C, and D markets.
Know the most frequently asked questions by borrowers and their answers.
You will learn:
Why being a mortgage originator is one of the last professions remaining that you can enter with little out of your pocket and unlimited income potential.
What you will need to get started.
Who should you work for - lender or broker - strengths and weaknesses of both are discussed.
How the lending system works from the inside out - a thorough explanation of primary and secondary markets.
What laws affect mortgage origination and how to abide by them.
How to lock a rate and explain its importance to borrowers.
How to read and interpret a credit report.
How appraisals are completed and the methods used.
How long a mortgage should take to close and how long each step takes.
"synopsis" may belong to another edition of this title.
Book Description MoneyTree Mortgage. Paperback. Book Condition: Good. Book shows minor use. Cover and Binding have minimal wear and the pages have only minimal creases. Bookseller Inventory # G0972791116I3N00
Book Description MoneyTree Mortgage. Paperback. Book Condition: VERY GOOD. Light rubbing wear to cover, spine and page edges. Very minimal writing or notations in margins not affecting the text. Possible clean ex-library copy, with their stickers and or stamp(s). Bookseller Inventory # 2772017441