Title: Covers all the basics
Product review: Expensive, but not compared to learning the profession through the school of hard knocks. I received no training whatsoever when I became a mortgage broker. This book taught me all I know. And I earned over $45,000 last year. Not bad for my first year. I went through the exercises again and again until I knew the stuff cold. And in my first loan, the borrowers could not even tell I was new. they thought I had been doing loans for years. I got the confidence from what I learned in this book.It is not for people not in the business. It is very detail oriented and has topics only loan officers should be concerned with. And as for rate sheets, it not only explained the two different kinds of rate ratios used, but also gave a real life example.I recommend this book to all new loan officers.
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