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Two of the best and most trusted California real estate authors, Grogan and
Chambers, once again deliver the textbook for real estate licensees, individuals seeking to enter the mortgage loan business, and those already actively working in the industry.
This new third edition covers key topics including appraisal, credit agencies, title and escrow, and computer programs used in the industry.
Important legal concepts such as trust fund handling and both federal and state compliances are also covered to meet the state's course requirements. There is extensive coverage of the forms necessary for the industry such as loan application FNMA form, credit authorization, actual escrow instructions and much more. This is also one of the approved courses for pre-license in California.
736 pp.
California Mortgage Loan Brokering and Lending, 3rd Edition - Table of Contents:
Section I. Scope Of The Business
Scope of Mortgage Loan Brokerage
Sources of Mortgage Loan Business
Section II. Loans
Conventional
Government and Other
Disclosure and Compliance
Section III. Processing
Pre-Qualification & Application
Credit & Disclosures
Verifications & Stacking Order
Appraisal, Title & Settlement
Underwriting & Quality Control
Funding & Closing
Section IV. The secondary money market
Shipping & Servicing
Section V. Regulations & Operations
The Business Operation: Supervision & Agency
State Licensing Agencies
Trust Funds Handling
Appendix A: Glossary of Terms
Appendix B: FNMA Form 1003- English and Spanish
Appendix C: Sample Sale Escrow Instructions
Appendix D: Sample Preliminary Title Report
Appendix E: Sample URAR Appraisal Report
Appendix F: Sample Loan Documents
California Mortgage Loan Brokering and Lending, 3rd Edition
California Mortgage Loan Brokering and Lending, 3rd Edition
