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#118874 - 04/04/06 10:26 AM Loan Officer info?
AB RCB Offline
Junior Member

Registered: 04/04/06
Posts: 8
Loc: Texas
Hi everyone! I am studying right now for my Texas Loan Officer exam! I have been using a online exam program as well as a e-book on Residential Mortgage Training Guide. Wow a lot to take in! I am very excited in taking this leap...can any of you experts out there tell me if there is anything you can recommend for me to look at to better prepare myself? Your personal experience with the exam?

Thanks!
Alice

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#118875 - 04/05/06 11:30 PM Re: Loan Officer info?
Promise Land Moderator Offline
Money Mover
Member

Registered: 03/10/05
Posts: 459
Loc: Irvine, CA
I'm not from Texas but a lot of my Texan friends recommend this course: ALLIED
_________________________
Sean Pham
Phamport, Inc.

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#118876 - 04/06/06 05:38 PM Re: Loan Officer info?
Greg Phillips Global Moderator Offline
Mortgage Professional
Veteran Member

Registered: 01/26/05
Posts: 1123
Loc: Chillicothe, Ohio
Just study. Try to read the answers before you read the question.

I strongly suggest working for a company that does out of state lending as Texas has several predatory lending laws preventing several options for refinancing to obtain cash out and split loans. Not having some of these items at your disposal hurts your chances at success.

I network with several in that state who struggle. I also see production numbers for offices located in the state, which houses 1 of our corporate offices, and they are dramatically lower than many other states.

Do not let this scare you just try to take my advice and do not let the salesman sell you on this not being an issue. (Broker/Owner)
_________________________
Greg Phillips
Manager
Fairfield Mortgage Company
"Servicing all 50 states"
Web: Home Forums Blog

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#118877 - 04/06/06 07:54 PM Re: Loan Officer info?
AB RCB Offline
Junior Member

Registered: 04/04/06
Posts: 8
Loc: Texas
Thank you so much Promise Land and Greg! I appreciate your help on this!

Thanks again!

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