Mortgage Loan Originators 2018 Exam Study Guide Book Reviews
Mortgage Loan Originators 2018 Exam Study Guide by William Piontek Book Summary
This book is up to date with all the new Regs and changes as of September, 2018. It contains hundreds of questions, illustrations and charts. Most information is cross-linked (Hyper-linked) to allow easy and quick access to related material. It contains everything a person needs to pass, and hopefully ACE the NMLS Mortgage Loan Officer’s Federal and State exam.
This book includes the RESPA/TILA merged document regulations which became effective October 3, 2015.
The merger does away with the GFE (Good Faith Estimate), TILA (Truth in Lending Statement) and the HUD-1 in several loans such as the traditional 30 year fixed rate mortgage, the ARM (Adjustable Rate Mortgage) and the Hybrid (Fixed rate note for 3,5 or 7 years followed by an ARM for the balance of the mortgage). The old paperwork will remain for Reverse Mortgages and HELOCs (Home Equity Line of Credit).
The new loan format will now use the new forms known as the “Loan Estimate” and The “Closing Disclosure.” The only really confusing part about all this are the different definitions of a “Business Day.” In some cases it’s when the mortgage broker is open for business, other new regs use the standard definition which is “any calendar day except Sunday and legal holidays.” There is a chart which makes learning these a little easier.
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| Book Name | Mortgage Loan Originators 2018 Exam Study Guide |
| Genre | Study Aids |
| Author | William Piontek |
| Published | 30 August 2018, Thursday |
| Language | English |
| E-Book Size | 84.82 MB |
Mortgage Loan Originators 2018 Exam Study Guide (William Piontek) Book Reviews 2024
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Pass the test. After I finished the 20 hour course I was still a little overwhelmed with all the information. I used this book to simplify things and it worked. I passed my test on the first try. Highly recommend.
Just ok. I thought it would be great. It started out nicely, then about page 20 the "more info" link stopped working. When you get a question wrong and want more info, it just says "enter text". I also don't understand why there is a test before you work through the book.
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| mortgage-loan-originators-2018-exam-stud-ebook.pdf | |
| mortgage-loan-originators-2018-exam-stud-ebook.epub | EPUB |
| mortgage-loan-originators-2018-exam-stud-ebook.kindle | KINDLE |
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Summary of Mortgage Loan Originators 2018 Exam Study Guide by William Piontek
The Mortgage Loan Originators 2018 Exam Study Guide book written by William Piontek was published on 30 August 2018, Thursday in the Study Aids category. A total of 89 readers of the book gave the book 4 points out of 5.
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