The Loan Officer’s Practical Guide to Residential Finance 2021: 2021 Version – Includes SAFE Act (The Practical Guide to Finance Series)

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Updated as of 4/14/2021 – to include new Uniform Residential Loan Application (URLA) treatment, updated agency loan eligibility guidelines (Fannie Mae/Freddie Mac/FHA/VA), and certain revised regulations, such as Ability to Repay (Qualified Mortgage) and Customer Privacy.

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 380 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.

Publisher‏:‎QuickStart Publications (April 14, 2021)
Paperback‏:‎396 pages
Item Weight‏:‎2.48 pounds
Dimensions‏:‎8.5 x 0.9 x 11 inches


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