Loan Officer's Practical Guide to Residential Finance - 2021

Includes Free Compliance Training Materials (Chapters 11-17)

Updated as of 2021 - We have combined our mortgage knowledge guide and compliance guide into a single product that covers 100% of the SAFE Act required curriculum and more. You need to know how to pass the test, but today it is more important to be able to provide in-depth value to your customer.  This text teaches you how to 

  • understand rate and point quotes
  • use a financial calculator
  • make basic computations customers require
  • understand loan programs and compare product features
  • understand loan specifications - Conventional Conforming, Jumbo, FHA/VA Qualified Mortgage program guidelines 
  • have a practical understanding of ratios, income, assets and closing costs, debts and credit history. 
  • collect all the required documents and disclosures
  • supervise a loan from application to closing.  
  • finance various property types; condos, PUDs, new construction and investment property
  • refinance -  issues which most often confront the loan officer in a period of heavy refinancing - 10 reasons to refinance
  • understand how loans are made in the secondary market 
  • understand the basics of interest rate quoting and behavior .  
 
Great as:
  • New Training Program for potential recruits (If they read it, you know he or she is serious)
  • 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 388 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.
Table of Contents - Loan Officer's Guide to Residential Finance
File Size: 484 kb
File Type: pdf
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Loan Officer's Practical Guide - Print Version
$55.00 + shipping
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Loan Officer's Practical Guide
Download Version
$55.00

Loan Officer Career Presentation
File Size: 88 kb
File Type: pdf
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