The Truth In Lending Act requires disclosure of the Finance Charge and APR to better protect the consumer. How does it protect someone who is looking for a mortgage? Listen to this episode to find out.
The Loan Estimate is bound by accuracy requirements that require loan costs be disclosed to within allowable thresholds. How accurate? Listen in for a description of the 3 buckets of fees.
The Loan Estimate is meant to be disclosed accurately, of course. But what happens if something changes and what we've sent initially no longer works? Check out this episode to learn more about the rules of the REVISED LE.
Credit qualification can be complicated but it's really based on a basic model of balance. If you're not familiar with the 4 C's of credit, check out this episode. (we may even give you the 5th C, too)
It's the never-ending search for the "next best thing." If you're searching and searching for that KEY piece of information you think you NEED to be best prepared for your NMLS test... you'll want to listen to this episode.
I'm ALWAYS asked about how to judge the scores people are getting on their NMLS prep practice tests and do THOSE scores reflect on how well prepared someone is. Ever thought about this yourself? Listen to THIS episode for an answer.
Can you originate loans before you get an MLO license? Maybe you've heard that you can with a "transitional" license, but what's the catch? Find out more in this episode!
The TRID rule replaces TILA and RESPA, right? Well, no... just consolidates some of the main disclosures to make it easier on consumers. Want to know how? Listen in.
So once you pass your NATIONAL exam, you can originate nationwide, right? Not so fast... listen up.
6 min
About Beat The NMLS Test
From the publisher's feed
Are you a Mortgage Loan Originator preparing for the NMLS Test? Are you feeling overwhelmed by the thousands of pages of information you've been given to study? This is the podcast for you. Each…
episode clearly covers critical key points to get you over the finish line.