Product Overview
This Loan Officer study guide includes Loan Officer practice test questions. Our Loan Officer study guide contains easy-to-read essential summaries that highlight the key areas of the Loan Officer test. Mometrix's Loan Officer test study guide reviews the most important components of the Loan Officer exam.
The Loan Officer Exam is extremely challenging, and thorough test preparation is essential for success. Loan Officer Exam Secrets Study Guide is the ideal prep solution for anyone who wants to pass the Loan Officer.
Not only does it provide a comprehensive guide to the Loan Officer Exam as a whole, it also provides practice test questions as well as detailed explanations of each answer.
Loan Officer Exam Secrets Study Guide includes:
- Loan Disclosures
- Loans: Types, Terms, and Transactions
- Qualifying the Borrower
- Reports and Summaries
- Comprehensive practice questions with detailed answer explanations
It's filled with the critical information you'll need in order to do well on the test: the concepts, procedures, principles, and vocabulary that the state licensing boards expects you to have mastered before sitting for the exam.
The Loan Disclosures section covers:
- Predatory lending
- Patriot act
- Occupancy statement
- Privacy protection policy notice
The Loans: Types, Terms, and Transactions section covers:
- Conforming loans
- Margin
- Escrow holdbacks
- Private mortgage insurance
- Table funding
The Qualifying the Borrower section covers:
- Capacity
- Risk factors
- Credit scores
- Compensating factors
- Property concerns
- Uniform Residential Loan Application
The Reports and Summaries section covers:
- Uniform Underwriting and Transmittal Summary
- Property Profiles
- Rate Sheets
- Good Faith Estimate
- Insurance Binders
These sections are full of specific and detailed information that will be key to passing the Loan Officer Exam. Concepts and principles aren't simply named or described in passing, but are explained in detail. The guide is laid out in a logical and organized fashion so that one section naturally flows from the one preceding it. Because it's written with an eye for both technical accuracy and accessibility, you will not have to worry about getting lost in dense academic language.
Any test prep guide is only as good as its practice questions and answers, and that's another area where our guide stands out. Our test designers have provided scores of test questions that will prepare you for what to expect on the actual Loan Officer Exam. Each answer is explained in depth, in order to make the principles and reasoning behind it crystal clear.
We've helped thousands of people pass standardized tests and achieve their education and career goals. We've done this by setting high standards for our test preparation guides, and our Loan Officer Exam Secrets Study Guide is no exception. It's an excellent investment in your future.
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