California Mortgage Loan Brokering and Lending

Name: California Mortgage Loan Brokering and Lending
Price: 6.75 USD
Availability: InStock
ISBN: 9780538739597

ISBN-10: 0538739592

ISBN-13: 9780538739597

Edition: 4th 2011

Authors: D. L. Grogan, Buzz Chambers, Malcolm Chambers

List price: $90.95

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Description:

Completely updated, this edition incorporates the SAFE Act and its impact on mortgage brokers along with other significant changes seen in the mortgage loan industry since the real estate meltdown that started in 2008. New state and federal regulations are addressed and financial information reflects current market data. The overall loan process is covered along with discussions of the mortgage loan business giving a broad overview of career opportunities in this competitive industry. Ideal for real estate licensees, individuals seeking to enter the mortgage loan business, and those already actively working in the industry, this text covers key topics including appraisal, credit agencies,…

Book details

List price: $90.95
Edition: 4th
Copyright year: 2011
Publisher: OnCourse Learning
Publication date: 7/22/2010
Binding: Paperback
Pages: 736
Size: 9.00" wide x 11.25" long x 1.25" tall
Weight: 3.278
Language: English




Scope of the Business



Scope of Mortgage Loan Brokerage



Sources of Business



Loans



Loans: Conventional



Loans: Government



Loans: Financial Disclosure and Other Real Estate Disclosures



Processing



Processing: Pre-Qualification and Loan Application



Processing: Credit & Disclosures



Processing: Verifications & Stacking Order



Processing: Appraisal, Title and Settlement



Processing: Underwriting & Quality Control



Processing: Documents, Funding & Closing



The Secondary Money Market



Shipping & Servicing



Regulations & Operations



The Business Operations, Lending Practices and Department Of Corporations



California Department of Real Estate (DRE) License Activity for Loan Agents



Math and Trust Funds for the Loan Agent



Loan Application FNMA Form 1003 - (English and Spanish)



Credit Report



Verifications



Sale Escrow Instructions



Appraisal Report



Preliminary Title Report



Loan Documents



Employment Forms



Wholesale Brokerage Agreements



Internet Web Sites



Glossary of Terms


Index