Beat The NMLS Test

What Is The Finance Charge For A Mortgage Loan?

Ed@EdTheTrainer.com (Ed The Trainer, Ed Davis, EdTheTrainer) — Mon, 20 Apr 2020 13:05:07 +0000

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 Fee Buckets

Ed@EdTheTrainer.com (Ed The Trainer, Ed Davis, EdTheTrainer) — Thu, 16 Apr 2020 16:38:14 +0000

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.

When Can I Revise My LE?

Ed@EdTheTrainer.com (Ed The Trainer, EdTheTrainer, Ed Davis) — Mon, 13 Apr 2020 13:10:10 +0000

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.

What are the 4 C's of Credit?

Ed@EdTheTrainer.com (Ed Davis, EdTheTrainer, Ed The Trainer) — Fri, 10 Apr 2020 21:07:38 +0000

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)

What Is A HECM?

Ed@EdTheTrainer.com (EdTheTrainer, Ed The Trainer, Ed Davis) — Fri, 27 Mar 2020 15:08:30 +0000

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.

What Else Do You Recommend?

Ed@EdTheTrainer.com (Ed Davis, EdTheTrainer, Ed The Trainer) — Wed, 11 Mar 2020 23:33:51 +0000

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.

Is It SAFE To Assume?

Ed@EdTheTrainer.com (Ed The Trainer, Ed Davis, EdTheTrainer) — Wed, 11 Mar 2020 21:21:21 +0000

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.

What Is A Transitional License?

Ed@EdTheTrainer.com (EdTheTrainer, Ed Davis, Ed The Trainer) — Mon, 2 Mar 2020 18:15:52 +0000

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!

How Does TRID Affect TILA and RESPA?

Ed@EdTheTrainer.com (Ed The Trainer, Ed Davis, EdTheTrainer) — Thu, 27 Feb 2020 16:58:06 +0000

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.

Now Do I Have My NMLS National License?

Ed@EdTheTrainer.com (Ed Davis, Ed The Trainer, EdTheTrainer) — Thu, 27 Feb 2020 16:30:32 +0000

So once you pass your NATIONAL exam, you can originate nationwide, right? Not so fast... listen up.

How Do I Sign Up For The NMLS Test?

Ed@EdTheTrainer.com (Ed Davis, Ed The Trainer, EdTheTrainer) — Wed, 19 Feb 2020 14:40:30 +0000

Don't know how to sign up for the NMLS Test? Listen up!

What Is The Difference Between Law and Ethics?

Ed@EdTheTrainer.com (Ed Davis, Ed The Trainer, EdTheTrainer) — Sun, 16 Feb 2020 17:37:24 +0000

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.

What Is A Depository?

Ed@EdTheTrainer.com (Ed The Trainer, Ed Davis, EdTheTrainer) — Sun, 16 Feb 2020 16:57:46 +0000

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

How Long Is The Exam?

Ed@EdTheTrainer.com (Ed Davis, EdTheTrainer, Ed The Trainer) — Sun, 16 Feb 2020 16:38:09 +0000

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

When Am I Ready For My Exam?

Ed@EdTheTrainer.com (Ed The Trainer, Ed Davis, EdTheTrainer) — Sun, 16 Feb 2020 16:18:09 +0000

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

Welcome To Beat The NMLS Test - The Podcast

Ed@EdTheTrainer.com (Ed Davis) — Fri, 14 Feb 2020 16:24:30 +0000

Let's talk here for a few minutes about how we'll serve you with this podcast!