loan-brokers

I purchased this book during the start-up phase of becoming a new mortgage broker. Being new to the industry, I was looking for a comprehensive treatment of the subject. While this book did a fair job of covering the subject, it does show it's age. There have been vast changes in this industry over the 12 years since it's publication. There is no coverage of automated underwriting or LOS software - both of which are critical to success in the industry today.

So while you will get a broad introduction to the profession from this book, it will certainly not give you everything you need to know to become a successful mortgage broker. There are better publications out there, but unfortunately they are hard to find.

This book is an excellent step-by-step guide for the beginner in learning the steps necessary for closing a loan. The author has organized the chapters in a way that takes the reader from the beginning to the end of the loan process, detailing each important step along the way. I'm sure it will become a useful reference manual for various questions that pop up.

The only problem I had with the book was that it did not include much in the way of marketing/lead generation tips. From an origination standpoint, it will serve as an excellent resource for me.

I purchased this book last year and it has become more than informative, I have created an entire training manual around it. It is a must read for the up and coming loan officer.

Warning! This is nothing but a reproduction of thousands of government agency WEB PAGES, all available FOR FREE to anyone with internet access. It is NOT INDEXED, meaning you have to search the entire disc for words or phrases you're interested in JUST LIKE YOU WOULD ON THE INTERNET. I am returning this at once!

This steaming heap of information was UNcarefully gathered from the Internet (by some type of automated, grab-it-all crap program) ... dumped UNedited into giant PDF files and burned to CD. It is less useful than a simple hyperlinks to HUD, Fannie Mae and Freddie Mac. I can't begin to tell you how ugly this is. I haven't seen information this DISorganized since the streets of NY filled with paper showering down from the horrific World Trade Center disaster. Absolutely worthless. Trash. Avoid this at any cost.

This book is so out of date the publisher supresses its copyright date. It is a very modest work, with the latest reference as of 1978. It skips legal restrictions, saying consult your local authorities. Omits discussion of usury laws and the key point that purchase money loans are (generally) exempt from usury rate limits, but not third party loans. Instead buy Smart Trust Deed Investment In California by George Coats.ISBN 0-934581-01-0