Home
Board Of Directors
Mortgage News
Events
Continuing Education
Government Affairs
Photo Gallery
Links
Contact Us
 

 

 

 

 

 

 

 

 

Palm Beaches Chapter Mission Statement

The Palm Beaches Chapter of the Florida Association of Mortgage Brokers exists to serve the needs of the professional Mortgage Brokers/Lenders, their staffs and affiliates.  Its mission is to be an advocate for its members, to provide services in the areas of education and legislation representation.


 

 
 

 

BACK BY POPULAR DEMAND!

FAMP Palm Beaches Chapter

Proudly Presents

on THURSDAY August 26, 2010 

The course you have been requesting..... 

 NMLS Mortgage Originator National Test Preparation Class!!     

This is a MUST ATTEND COURSE!  Here are a couple of testimonials from a few of the many whom attended the last course...

I would like to thank you for the opportunity to take the course on Thursday May 6th. Everyone was so helpful.   I also want to let you know that I took the test on Friday May 7th and Passed . Thanks Again Carlo Caramanna. Leading Edge Mortgage

I wanted to thank you for assisting me in passing the SAFE exam. I took your course last Thursday in West Palm. I took the test the very next morning and passed with an 87%. I found the course very helpful. I have been an originator for over 20 years so I was not expecting to fail. It is, however, nice to get a refresher once and awhile. Thanks!  Michael Pollis, Vice President, East Coast Mortgage Lenders, Inc.

 

Did you know there is currently a 33% failure rate for the NMLS test? 

 Did you know that the failure rate is rising as more individuals take the test?

Are you prepared to take the test?   Here are a couple of questions, do you know the correct answers?

 

In compliance with the TILA, a lender has issued a disclosure statement indicating an annual percentage rate of 5.125 percent. Prior to closing, the lender discovered that the actual annual percentage rate will be 5.20 percent. Under these circumstances, which of the following is true[p1] ?

 

a.     The borrower may cancel the transaction and receive a refund of all monies paid.

b.     The lender must make a redisclosure because the actual annual percentage rate is higher than the disclosed annual percentage rate.

c.     No further disclosure is required because the actual annual percentage rate is within one-eighth of a percent of the disclosed annual percentage rate.

d.     The lender must charge the disclosed annual percentage rate

Correct answer: c

  

Lender has received an appraisal report from a certified residential appraiser. Utilizing the sales comparison approach, the appraiser made a net adjustment of $28,300 to a comparable property with a sales price of $200,000. According to FNMA guidelines, which of the following is TRUE?

 

a.     This is unacceptable because the net adjustment is greater than 10 percent.

b.     This is acceptable because the net adjustment is 15 percent or less.

c.     This is unacceptable because the maximum net adjustment allowed is 20percent.

d.     This is acceptable because the minimum net adjustment is 10 percent.

Correct answer: b

  

We sought out the best instructor to help you prepare for these and many other challenging questions.  He will provide you with the knowledge necessary to PASS the National Component of the NMLS Mortgage Loan Originator exam. 

Rick Larson is an author of the 20-Hour SAFE Comprehensive and License Exam Preparation courses. He is also an outstanding presenter with more than 30 years of teaching and writing experience in real estate, real property appraisal, community association management, and mortgage lending. 

Rick has unmatched exam preparation expertise.  Co-founder and manager of Larson Educational Services and Dean of Students for Kaplan Professional Schools, Rick is a nationally-recognized author, speaker and instructor development manager.

Mr. Larson has authored more than 100 real estate and mortgage textbooks and manuals for Florida, Minnesota, Colorado, California, and Michigan. He and his instructors have assisted more than 500,000 professionals to achieve their career goals in mortgage loan origination, real estate, real estate appraisal, residential construction, and insurance.

After attending this course, you will feel confident in knowing that you are prepared to take the exam and PASS! 


The course includes:

*    Approximately 7.5 hours of instructor-led coursework

*    Workbook with printed key points and sample “True / False” questions

*    Pre-test for self-assessment of your current ability to pass the exam

*    Post- test to measure your newly acquired acumen

*    Practice tests for at-home studying

 

When:  August 26th, 2010

             8:00 Registration

             8:30 - 5:00 pm Cram Course (Lunch on your own)

 

Where:  Crowne Plaza, 1601 Belvedere Road, WPB, FL   

 

Cost:    $150.00/Members

             $199.00/Non Members

       

 Maximum Seating is 100 – Must be Pre-Registered to Guarantee Seating

  Reserve your seat early, space is limited.  Questions?   Please call the FAMB PB Chapter Office at 561-965-2007.
Click here to register

If you have a disability that requires a special accommodation, please advise FAMP Palm Beaches Chapter in writing at 17725 84th Ct. North, Loxahatchee, Fl  33470 or call FAMP Palm Beaches Chapter at 561-965-2007.

__________________________________________________
 

 

 

 
 
 

Website issues email webmaster@fambpalmbeach.com

FAMB Palm Beaches Chapter Copyright © 2006-2010 All rights Reserved