![]() The practice exams are significantly harder than the exam itself. PrepXL will kick your a** if you dont have a decent grasp on the content. Artricia is amazing, she has a great “mortgages for dummies” approach to explaining the material. My first attempt! My advice is to actually pay attention to the pre licensing course, because if you don’t actually learn the material when it’s being taught, you aren’t going to be able to teach it to yourself from a study guide, etc. In my experience understanding and knowing all that material helped a lot as a new banker and allowed me to be confident and successful not only in the hot market but when it slowed down and was left to fight for scraps.Īdd me to the list of people who swear by the combo of Affinity 20 hr course and PrepXL Exam Prep.īRAND NEW to the mortgage industry as of (less than 21 days) and passed the exam w/ an 86 on Monday. If it matters also I scored well and passed on my first time, was familiar and confident with every topic and question. Feel free to ask questions about the job and stuff as well. I remember when I was studying and would have really weird, specific questions and couldn't find it anywhere online and how frustrating and time consuming that was so hopefully I can alleviate that for anyone here. I'll do my best to answer everyone's questions as soon as I can. Feel free to reply with questions or message me. ![]() I don't use reddit a whole lot but will check it regularly to see if anyone has any questions or needs help. I am willing to help anyone honestly from those who have no previous experience with the material to those who are getting close to test day and just want some clarification on specific topics. What's up guys, I originally posted on here looking to see if anyone wanted a tutor for the nmls exam but it was difficult since it's mostly over zoom, so I decided that I would, instead of charging an hourly fee, just make it optional to pay, sort of like donation based since I really loved studying for the exam and have so much to offer and pass on to people trying to break into the industry. I used CEshop course which was probably a little lean overall regarding the applicable content and supplemented it with youtube videos. ![]() If you can pull away the 20 questions you aren't sure of to two acceptable answer each and then assume you get half of those correct, you've only missed 10 and you'll have a great passing score. That said, I think reading through multiple times and saving difficult questions to review later is of benefit. There really is a concerted effort to "muddy up" the questions where I certainly prefer objectivity. I managed a 90% but felt better about my knowledge before the test than during the test. Of course ensure the loan is eligible for a rate change when new index data is given.Īnother I noticed were two questions on waivers for appraisals so hopefully that helps someone. Quick notes - there was hardly any math regarding DTI/LTV (maybe a question each) and one ARM question - essentially pulling margin from a given fully indexed rate and then adding margin to new index rate along with like 10 other irrelevant pieces of data. Took the test on 3/14 and managed to do well. Thank you so much in advance for taking the time to read this and for any guidance you can provide. If you could share your own experiences and journeys in becoming an LO, that would be incredibly helpful. I would greatly appreciate any advice on what to do next and how to prepare myself at this stage of the process. I've read some information, but I'm still confused. ![]() Can I simply take the exam and become licensed after passing? Or do I need to get hired at an office first before obtaining my license? I apologize for my lack of knowledge I just want to ensure I'm following the correct steps. I have a background in car sales but I became interested in this industry after learning about it from my father who once worked as a realtor but my knowledge of it is barely startingĬurrently, I'm taking a 20-hour, 14-day course on OnCourse Learning, but I'm unsure what to do once I complete it. I'm new to the industry and feeling a bit lost.
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