( 8 reviews )
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Posted: Jul 26 2009
This book is a must have for anyone interested in pursuing a career in mortgage brokering and origination. This book is definitely one of the best refernces I've seen so far. Many other books out there either overwhelm you with techniques or just swaths of information that can be a bit confusing. This guide is very easy to read and well organized. The industry terminology is well explained and accompanied by lots of graphic examples and sidebars. The author really breaks down the financial side of realestate transactions so that not only do you learn the details of putting a transaction together properly, you understand the flow of the mortgage business and legal limitations. Even those who may be a bit mathmatically challenged can understand and easily perform standard calculations by following the well explained examples. This book has really filled in gaps in my current education and experience in the mortgage business and I would recommend it to anyone. Even experienced brokers and Loan Officers may want to keep it as a refresher reference.
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Posted: May 25 2008
I recently ordered several mortgage books as learning and reference tools as I embark on my new career as a loan officer. I have not read any of the books from cover to cover, but they are serving me well for the purpose intended. The book arrived in a timely manner and in the condition described.
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Posted: May 1 2008
The subtitle indicates that this book is a "comprehensive guide on how to make loans on a practical basis". I'm not sure I agree with that assessment and therefore I have mixed feelings about this book. The book provides a plethora of reference material pertaining to the residential mortgage industry. It's nice to have so many reference tables in one place! The author educates readers on a variety of different topics - even seasoned professionals can benefit from reading this book, as I did cover to cover. The material seems to be current, an important consideration in a very dynamic industry. And I really liked the author's conversational approach throughout the book. However, there are some things about the book that can be improved. The book contains some sloppy errors which seasoned professionals will find annoying and new hires will find confusing. The book has a "crowded" and "rushed" feel to it with occasional grammatical, formula and reference errors. I guess it needs better proofreading - page 63 has a paragraph repeated word for word. Some chapter titles scream at you. Some conceptual and procedural explanations seem to come up short. The book seems to be more informational rather than a practical "how-to" guide. Some readers may be disappointed at this and are able to get more in-depth information from other sources such as Fannie Mae, FHA, VA, AllRegs, etc. In addition, if the book is to benefit more readers, I suggest that the author add HP 12C and TI BAII Plus keystrokes as these calculators are widely used by mortgage professionals.
