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Practice of Mortgage Brokerage

This class was created by Brainscape user dayne alton. Visit their profile to learn more about the creator.

By: dayne alton
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Decks in this class (17)

Module 1
Real property as a product,
Finite,
Price
72  cards
Module 2.1
Why do lenders publish underwriti...,
Where can you find lender policies,
What are some different compensat...
57  cards
Module 2.2
Definition of interest,
Definition of simple interest,
What is compound interest
36  cards
Module 2.3
What are the six basic mortgage t...,
What are 5 calculations related t...,
What is interim financing
34  cards
Module 2.4
3 structures mortgage products ar...,
What is the purpose of mortgage p...,
What is the form of mortgage prod...
31  cards
Module 3.1
Ten steps of understanding the job,
7 examples for discovering the story,
Some questions to ask to get more...
7  cards
Module 3.2
What are the three mandatory disc...,
When must the cost of credit disc...,
The timing for disclosure must be...
48  cards
module 3.3 Performing affordability calculations
What costs are incorp in gds,
What is the max allowable gds,
Is the full amount of condo fees ...
21  cards
module 3.4
What are the different noa documents,
What is a financial statement,
What is an income statement
67  cards
Module 3.5
What is a credit beaurau,
2 requirements to pulling credit,
What is a credit report
81  cards
Module 3.6 Lenders and property value
Variables lenders consider for ho...,
What is lenders source of propert...,
What factors do real estate appra...
91  cards
Module 3.7 Review market for lender and product
What are preferred lenders,
What are benefits to brokerages f...,
6 best practices to ensure you ha...
41  cards
Module 3.8 determine closing costs
What is the generally percentage ...,
What are 20 items included in clo...,
What are the three different adju...
38  cards
Module 3.9 Commitment letter, conditions, and final details
What is a commitment letter,
Can the commitment have exactly w...,
Commitment checklist of items to ...
21  cards
Module 3.10 Sales and Marketing data
Some things to get new business c...,
Types of small business,
What are all 3 small businesses
10  cards
Module 4.1 The Real Estate Market
What is the difference between co...,
List of differences between comme...,
What is a commercial mortgage
125  cards
Study from quiz
The purchase and sale of existing...,
What does smart stand for goal se...
2  cards

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Practice of Mortgage Brokerage

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