(as of Nov 25,2020 13:27:32 UTC – Details)
Updated January 1, 2020. A good book is even better! It now includes more detailed information and quiz questions that target specific newly-disclosed items on the outline. What’s the secret to passing the SAFE Mortgage Loan Originator National Exam? If you answered “memorizing all the questions and answers you can find,” you’re wrong. You’ll have a much better chance of passing the loan originator exam if you understand the material. This updated and enhanced loan originator exam manual includes the latest rulings by the Consumer Financial Protection Bureau. Other topics include: Federal Mortgage-Related Laws, SAFE Act, Introduction to Mortgage Lending, General Mortgage Knowledge, Basic Concepts of Mortgage Financing, The Loan Application, Underwriting, Closing and the Secondary Market, Ethics and Fraud, and Mortgage Terminology. There are quizzes throughout the book and two practice final exams to help you test your knowledge. The author was a licensed mortgage broker for seven years and passed the national exam on her first attempt.