| Published | 2022-06-14 |
| Platform | Udemy |
| Number of Students | 1 |
| Price | $84.99 |
| Instructors |
Andy Collins
|
| Subjects |
For First Time Test Takers and Repeat Takers
Learn what you need to know for all five sections of the NMLS Safe Exam plus math and test strategies to improve your chance of passing. This test has a pass rate of just over 50% and the reason most fail is lack of preparation. Join us in this course to learn what you need to know. The 20-hour pre-license courses do not provide enough information on their own to pass and many online test prep sites are written by people who have not taken the test so you end up going over things that you will not be tested on. We discuss what you need to know to pass, nothing more, nothing less. A few examples of what we will go over:
Federal Mortgage Laws including RESPA, TILA, ECOA, etc.
Uniform State Content - What can keep you from being eligible for licensure? Who needs a license? Who doesn't?
General Mortgage Knowledge - What is an FHA loan? Who is eligible for a USDA loan? What is a payment cap?
Mortgage Loan Origination Activities - What does a loan originator do? What is a closing cost? What does loan to value mean?
Ethics - What is occupancy fraud? Do I need to fill out a SAR?
Math - How is an ARM rate calculated? What is per diem interest and how is it calculated?
The test - What is the test like? What do I do if I don't know the answer to a question?