Residential Mortgage Loan Origination Made Easy
Written on January 16, 2010
Product Description
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 cl… More >>
Residential Mortgage Loan Origination Made Easy
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Filed in: General.
Expensive, but not compared to learning the profession through the school of hard knocks. I received no training whatsoever when I became a mortgage broker. This book taught me all I know. And I earned over $45,000 last year. Not bad for my first year. I went through the exercises again and again until I knew the stuff cold. And in my first loan, the borrowers could not even tell I was new. they thought I had been doing loans for years. I got the confidence from what I learned in this book.
It is not for people not in the business. It is very detail oriented and has topics only loan officers should be concerned with. And as for rate sheets, it not only explained the two different kinds of rate ratios used, but also gave a real life example.
I recommend this book to all new loan officers.
Rating: 5 / 5
I wish I had this book 25 years ago when I first got in the business. Instead, I got it for my daughter when she joined my company. She picked up the concepts and jargon within a week! I now keep this book in the office and it is required reading for all new loan officers.
Rating: 5 / 5