Enter your mobile number or email address below and we'll send you a link to download the free Kindle App. Then you can start reading Kindle books on your smartphone, tablet, or computer - no Kindle device required.
To get the free app, enter your mobile phone number.
The Practical Guide to Loan Processing (Practical Guide to Finance ) Paperback – May 1, 2012
See the Best Books of 2017
Looking for something great to read? Browse our editors' picks for the best books of the year in fiction, nonfiction, mysteries, children's books, and much more.
Frequently bought together
Customers who bought this item also bought
...resource for mortgage processors... Completely original material... simplifies the process and allows the reader to follow along step by step... --Mortgage Professional, May 2006 --This text refers to an alternate Paperback edition.
About the Author
Thomas Morgan, (45) founder and director of QuickStart Publications, lendertraining.com and Loan Officer Bootcamp, attended New York University until 1983. He joined the mortgage business in 1983 to review closing documentation for a multifamily lender. Thomas entered residential lending in 1985. He was a top producing loan officer with Wye, Citicorp, AMRES (Chase) and FMI, and was also a branch and area manager until opening his own mortgage firm, Hamilton Mortgage, in 1992. Along the way he processed, underwrote, closed, funded or serviced over $585,000,000 in mortgages. At Hamilton he developed an internal training program for loan officers and operations staff. There was so much demand for quality training that, in 1996, he formed QuickStart Mortgage Training (see August 1996 Origination News). Since that time QuickStart has trained over 22,000 loan officers, processors, underwriters and closers, and developed internal training programs for over 800 mortgage companies, including 4 of the top 25 national lenders. He is the author of 16 mortgage related books. He is a certified trainer for ILCPE, Top Producer, EZ Mortgage, Byte, and Contour. He is approved in the states of IL, IN, TX, MD, NC, SC, KY, OH, UT, WV, and WI. --This text refers to an alternate Paperback edition.
Author interviews, book reviews, editors picks, and more. Read it now
Top customer reviews
There was a problem filtering reviews right now. Please try again later.
The book left out most of the basic calculations necessary for Yield Spread Credits on higher interest loans, as well as how to do the inverse...i.e. Charges for Low Interest loans. You have to know how to read, interpret and use the various lenders rate tables. You have to know how to do the simple math. However simple, you must know what numbers to use, and where to put your answers...you must be accurate. It is NOT Intuitive.
I was lucky enough to get personalized training from a lender. Still MUCH more to learn. That said, even when I got one on one help from POINT directly....EVEN they didn't know how to properly input YSP credits OR a Charge for the GFE...I figured it out on my own while on the help call with Point. You see, the book was just not enough for the almost $80.00 price.
Another irritating subject regarding the book was its Lack of an Index...I had to laboriously make my own detailed index. Without an index, it is VERY difficult to refer back to the book for "terms,acronyms,rules,laws,etc"...too numerous to mention. A good reference book or "guide" needs an index.
That said (I wasn't trying to be mean, I'm actually a nice guy), the $80.00 book price is FAR less than the 6 hour $400.00 online seminar prices that you see advertisesd. I can only imagine how little you'd learn in just 6 hours online. The book does give you "Days" not hours of information.
Most online courses that I've taken, have accompanying text books that are 3 times the page count as this book.
I think that the author needs to double or triple the content of his book. Not leave out the Processing Software part, and ADD AN INDEX.
That's it from RickM