Residential Mortgage Loan Origination Made Easy

National Mortgage Trainer Reveals His Secret Weapon To Make Any New Loan Officer More Knowledgeable Than A 10-Year Pro, In 6 days Or Less. Being a loan officer or mortgage broker without proper mortgage training is like fighting a bear with both hands tied behind your back. 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