Beat The NMLS Test - podcast cover

Beat The NMLS Test

Ed Davis, Ed The Trainer, EdTheTrainer•beat-the-nmls-test.simplecast.com
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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.
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Episodes

What Is The Finance Charge For A Mortgage Loan?

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.

Apr 20, 2020•19 min•Ep. 15

The Loan Estimate Fee Buckets

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.

Apr 16, 2020•15 min•Ep. 14

When Can I Revise My LE?

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.

Apr 13, 2020•11 min•Ep. 13

What are the 4 C's of Credit?

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)

Apr 10, 2020•12 min•Ep. 12

What Is A HECM?

There are a lot of opinions about the Reverse Mortgage out there. Sometimes, it's pretty controversial. What are the basics? Listen to this episode.

Mar 27, 2020•9 min•Ep. 11

What Else Do You Recommend?

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.

Mar 11, 2020•11 min•Ep. 10

Is It SAFE To Assume?

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.

Mar 11, 2020•9 min•Ep. 9

What Is A Transitional License?

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!

Mar 02, 2020•6 min•Ep. 8

How Does TRID Affect TILA and RESPA?

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.

Feb 27, 2020•5 min•Ep. 7

What Is The Difference Between Law and Ethics?

There is an important connection to consider when preparing for Federal Law questions and Ethics questions on the exam. When you understand the relationship, you can field questions for either section much more easily.

Feb 16, 2020•3 min•Ep. 4

What Is A Depository?

Do you keep hearing about differences in licensing between "depository and non-depository?" We'll dig into what this means in this episode.

Feb 16, 2020•3 min•Ep. 3

How Long Is The Exam?

I'm always asked, "hey Ed, how LONG is the exam?" Here, we cover that answer from a broad angle.

Feb 16, 2020•3 min•Ep. 2

When Am I Ready For My Exam?

How do you know WHEN you're ready for your NMLS exam? Well, take a quick listen for a good idea.

Feb 16, 2020•5 min•Ep. 1
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