mortgage short sale training for loan officers | Wonderdir Business

To learn about current mortgage assistance programs, contact a. of any other income (i.e. investments or business-related); Documentation of any personal.. With short sales, a lender may forgive the difference between the. on a loan and the property sells in a short sale for $200,000, the lender may.

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Introduction to mortgage loans.. Short sale basics · Adjustable rate mortgages.. Now, over the course of that month they're going to charge you .46% interest.

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Mortgage loan officers typically get paid 1% of the total loan amount.. If you've seen the 2015 film The Big Short, you'll be familiar with this scenario.. involve mortgages, it clearly demonstrates the problem with sales incentives. What happened is this – the company set very aggressive goals to cross-sell.

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1.22 Loan Modifier: An individual who in the course of the person's business, 1.31 Short Sale: The sale of a real property for less than the mortgage loan balance.. 2.1 An applicant for licensure as a Colorado mortgage loan originator shall.

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