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The Complete Idiot's Guide to Success as a Mortgage Broker [Paperback]

Daniel S. Kahn (Author), Marian Edelman Borden (Author)
4.6 out of 5 stars  See all reviews (10 customer reviews)


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Book Description

The Complete Idiot's Guide June 6, 2006
Break into the brokerage business.

Here is a step-by-step handbook to joining this elite group. Written by an accomplished mortgage broker with more than 15 years in the business and 2,000 deals to his credit, this book covers everything from whether or not real estate financing is the right career move to how to master the skills necessary to be successful.
• Overview of a day in the life of a mortgage broker—including the pros and cons of the career
• A self-test to help readers determine if the brokerage business is right for them
• Licensing and educational requirements, advice on successful networking, and basic mortgage information
• In 2004, there were over $3.8 trillion in mortgage originations nationwide—an all-time record— according to The Mortgage Bankers Association


Editorial Reviews

About the Author

Daniel S. Kahn is the president and owner of Financial Access Corporation, a mortgage brokerage firm operating out of Newburgh, New York. A career broker for more than 15 years, he knows the mortgage business inside and out. He has originated more than 2,000 mortgages worth over $500 million.
Marian Edelman Borden is a professional writer and the author of seven books.

Product Details

  • Paperback: 352 pages
  • Publisher: Alpha (June 6, 2006)
  • Language: English
  • ISBN-10: 1592575102
  • ISBN-13: 978-1592575107
  • Product Dimensions: 8.9 x 7.3 x 0.9 inches
  • Shipping Weight: 1 pounds
  • Average Customer Review: 4.6 out of 5 stars  See all reviews (10 customer reviews)
  • Amazon Best Sellers Rank: #193,707 in Books (See Top 100 in Books)

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Customer Reviews

10 Reviews
5 star:
 (8)
4 star:
 (1)
3 star:    (0)
2 star:
 (1)
1 star:    (0)
 
 
 
 
 
Average Customer Review
4.6 out of 5 stars (10 customer reviews)
 
 
 
 
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Most Helpful Customer Reviews

9 of 10 people found the following review helpful:
5.0 out of 5 stars Excellent book for a newbie, September 29, 2006
This review is from: The Complete Idiot's Guide to Success as a Mortgage Broker (Paperback)
I recently picked this book up to see if the mortgage industry was for me. After reading the book, I know that it's definitely for me. This book was extremely informative and I feel fairly prepared to get a job in the industry. I know that there is still much to learn about becoming a mortgage broker, but this book is definitely a start.

I would highly recommend it for anyone who is thinking about entering into this industry.
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5 of 5 people found the following review helpful:
4.0 out of 5 stars Success as a Mortgage Broker, March 13, 2007
This review is from: The Complete Idiot's Guide to Success as a Mortgage Broker (Paperback)
I read this book in search of supporting material for my training program. I own and operate a Mortgage Broker company. This is a nice compilation of material that explains the incredibly diverse role of the Mortgage Broker.

I recommend this book for anyone considering life as a Mortgage Broker or who may be off to a slow start.
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5 of 5 people found the following review helpful:
5.0 out of 5 stars Insightful Read, June 26, 2007
By 
Eric J. Fowler (Auburn Hills, MI) - See all my reviews
(REAL NAME)   
This review is from: The Complete Idiot's Guide to Success as a Mortgage Broker (Paperback)
I am not much of a reader at all, but this book is clear and to the point. If you are new to the mortgage industry this book will give you a good base of knowledge to get you started. It will not teach you all of the ins and outs, but will introduce you to terms and ideas essential for understanding what the heck you are talking about to clients. Some of the contents are a little more than the beginner needs to know, but you can easily bypass those parts. Overall a good book!
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Inside This Book (learn more)
First Sentence:
According to the National Association of Mortgage Brokers, a mortgage broker is "An independent real estate financing professional who specializes in the organization of residential and/or commercial mortgages." Read the first page
Key Phrases - Statistically Improbable Phrases (SIPs): (learn more)
mortgage broker industry, successful mortgage broker, broker company owner, mortgage broker company, registered mortgage broker, serial refinancing, mortgage broker business, mortgage broker license, consumer reporting companies, piggyback loan, broker career, loan processor, front end ratio, yield spread premium, homeowner plans, subprime market, investigation fee, prepayment clause, secondary mortgage market, experienced broker, mortgage brokers, paying points, loan products, reverse mortgage, loan originator
Key Phrases - Capitalized Phrases (CAPs): (learn more)
Fannie Mae, Did You Know, Freddie Mac, The Least You Need, Ginnie Mae, Federal Reserve, Spanish Hispanics, African Americans, Seniors Only, United States, Social Security, English Hispanics, Homeownership Alliance, Producer Price Index, Refinancing Mania, Great Depression, Federal Home Loan Mortgage Corporation, Wall Street Journal, Yellow Pages
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