Loan Officer's Practical Guide to Residential Finance - 2025

This is NOT CE/PE Training

MLOs need to know how to pass the test, but today it is more important to deliver in-depth value to their customers.  This text teaches you how to 

• understand rate and point quotes
• use a financial calculator
• make basic computations that 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, 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 their job.

Table of Contents - Loan Officer's Guide to Residential Finance
File Size:	484 kb
File Type:	pdf

Download File

---

---

---

---

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

Download File

---