That the mortgage industry is in a transitional period goes without saying. But the transitions are coming pretty rapidly these days. Just when you thought you had a good idea of how to fill out a GFE, the whole thing may possibly be changed… again!We get a lot of student questions regarding the GFE form, and a lot of people are mi
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This week I thought I’d offer up these simple illustrations to help clarify these two terms that so often have us scratching our heads:“Table-funding mortgage loan” means a residential mortgage loan transaction in which the residential mortgage loan is initially payable to the mortgage broker, the mortgage broker does not use the
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OK... here you go! How many did you get correct?
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There seems to be a bit of confusion for some students about the NMLS implementing new test questions that pertain to federal regulations that became effective April 1 of this year. Here is the actual verbiage taken directly from the NMLS website. This information applies to everyone no matter who you actually use as your course provider:
Reg Z No
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Here's a crossword puzzle that will test your knowledge of basic mortgage terminology.
The words appear in the first two chapters of our 20 hr SAFE course.
So take a break from your studying... but stay on topic.
We'll give the answers next week!
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