Your Successful Career as a Mortgage Broker

ISBN-13: 9780814473702 / Angielski / Miękka / 2007 / 240 str.

David Reed

Opis

Mortgage banking is one of the fastest growing industries in the country. In the next few years, home purchases are expected to run into the trillions, creating more opportunity than ever for people seeking a career in this profitable industry. Real estate author, columnist, and veteran mortgage banker. David Reed offers practical advice on licensing and educational requirements, as well as valuable guidance on the different career options available as a mortgage broker, mortgage banker, correspondent mortgage banker, and more. Aspiring mortgage brokers will also discover how to: * Quote interest rates * Get approved by wholesale lenders * Negotiate the steps of the loan process * Market and prospect successfully Detailed and informative, Your Successful Career as a Mortage Broker is an invaluable tool for creating a brilliant career in an ever-changing, ever-growing field.

Spis treści

From the contents:

Preface ix

Part I

Getting Started 1

Chapter 1

The Mortgage Loan Officer and His Team 3

Chapter 2

How Do I Get Started? 16

Chapter 3

Mortgage Banker vs. Mortgage Broker 20

Chapter 4

The Loan Application and Process 36

Chapter 5

Types of Mortgage Loans 69

Part II

The Basics of the Job 93

Chapter 6

Loan Prequalification and Approval 95

Chapter 7

Loan Documentation 102

Chapter 8

Interpreting Credit Reports and Credit Scores 110

Chapter 9

Interest Rates: How They're Set, How To Quote Them 123

Chapter 10

How Brokers Make Money 137

Part III

Making Yourself Successful 149

Chapter 11

Marketing Yourself 151

Chapter 12

Marketing Secrets from the Pros 159

Appendix A

The 1003 and Disclosure Forms 181

Appendix B

Ten Steps to Becoming a Successful Mortgage Loan Officer 198

Appendix C

Ten Steps to Becoming a Megaproducer 199

Appendix D

Sample Marketing Pieces 201

Appendix E

Industry Resources 205

Appendix F

State Licensing Chart 210

Appendix G

Payments Per Thousand Dollars Financed 218

Glossary 227

Index 241

O autorze

David Reed (Austin, TX) is a veteran mortgage banker who has closed more than 1,000 mortgages. He is a columnist for Realty Times and Mortgage Originator Magazine and is a member of the Mortgage Speakers Bureau. He is the author of Mortgages 101 (0-8144-7245-1), Who Says You Can't Buy a Home (0-8144-7340-7), and Mortgage Confidential (0-8144-7369-5).