Mortgage Brokering and Lending

Complete guide to mortgage broker licensing, loan origination, consumer protection laws, and types of mortgage products available to buyers.

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NMLS Licensing — part of Mortgage Brokering and Lending. Study the key terms below, then mark this lesson complete to advance your progress.

Hard Money Loan: Asset-based loan from private lender — faster approval, higher rates, short term.

Fix & Flip: Buy distressed property, renovate, resell quickly for profit.

RESPA: Federal Real Estate Settlement Procedures Act — governs disclosures and prohibits kickbacks.

Module Quiz

Mortgage Brokering & Lending · 8 questions