The Loan Officer’s Practical Guide to Residential Finance

The reader learns how to understand rate and point quotes, how to
use a financial calculator, how to make basic computations customers
require, how to understand loan programs and compare product features.
The student progresses through understanding loan specifications -
Conventional Conforming, Jumbo, FHA/VA and Sub-Prime program guidelines
- to a practical understanding of ratios, income, assets and closing
costs, debts and credit history. This is then placed in the context of
the loan application - how to collect all the required documents and
disclosures and supervise a loan from application to closing. Beyond
the basics, students learn how to finance various property types;
condos, PUDs, new construction and investment property. A detailed
chapter on refinancing addresses the issues which most often confront
the loan officer in a period of heavy refinancing - 10 reasons to
refinance.

Finally, understanding how loans are made in the
secondary market and the basics of interest rate quoting and behavior
are covered.

This product is submitted for approval for use in
continuing education in all states which have, or are adopting, a
requirement. Many companies use this product as a handout to
prospective new loan officers. Many loan officers give this product to
their referral sources to help educate them to the requirements of the
industry.

Forex Banking And Trading - The Loan Officer’s Practical Guide to Residential Finance

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