Great pointers !! and

Welcoe to ActiveRain and your first blog!

Hi Arlene,
Great pointers!  Thanks for the post.  I'm sure many will find it very useful.

And, Welcome to the world of Active Rain blogging.  It is an extremely valuable platform to connect with other agents and potential clients.  I recommend you check out the "Resources" section and click on "Getting Started".  

Arlene,

Welcome to Active Rain.

Absolutely great pointers. The two that rang bells for me were

"special points to remember section.  I rewrote each of these points"

And

Take as many sample tests as possible until the outcome is predictable. 

You will find here on Active Rain people, professionals just like yourself. Those willing to share what they know to help others secure their future more quickly.

Your first blog, I believe is revealing of what is within, that of a teacher and helper.

Have fun in the rain.

Umbrella optional.

Best of success,
Annette

Congratulations to Arlene Di Sessa in her passing the federal NMLS examination with flying colors the very first time around. I am extremely proud of you, Arlene. Also, like to congratulate Arlene Di Sessa in her new position as the branch manager of the Sacramento branch office of The Money Store. The Money Store is a national mortgage banking giant based in Florham Park, New Jersey with branch offices throughout the United States and licensed in 46 states. The Money Store, under the direction of Brian Borchard, who is the national managing director, is known for their no lender overlay policy and the great team of licensed mortgage loan originators and managers. The company has over 45 year history of making the dream of home ownership a reality for home buyers and those who had prior credit issues. Again, congratulations to Arlene Di Sessa. Arlene Di Sessa is also a senior writer for Gustan Cho Associates, www.gustancho.com and contributing editor for Credit Fix Advisors, www.creditfixadvisors.com.

Wonderful information for those taking their test!

...Also, welcome to Active Rain and congratulations on your first post!

Sounds like some solid advice for passing the exam Arlene.

Welcome to Active Rain, looking forward to reading many more of your posts, let me know if there is anything that I can do to help as you get started here.
Bob

Welcome Arlene to Activerain.  Hope you enjoy your time here and its great for your business.

Good morning, ARLENE DI SESSA great pointers for those who are thinking of entering the profession and will be taking the exam..... 

and welcome to ActiveRain....it's a great place to learn, share, market an network....and I hope you enjoy it and benefit from all of it....

Welcome to Active Rain ARLENE DI SESSA  - as REALTORS® who have been here for almost 10 years, it's well worth it!

Welcome Arlene to Active Rain. Good article. Understanding is key to this business. Hope to read more from you soon

Technology has changed the way consumers shop, especially shopping for mortgage loans. The creation of Amazon.com, the largest online superstore in this world, has lead the way on ways consumer shop for everything from consumer goods, to cars, to homes, to even mortgages. Here is an article on online shopping that was written by Arlene Di Sessa, a senior writer for Gustan Cho Associates and a licensed mortgage loan originator for the Sacramento, California branch of The Money Store, a national full eagle mortgage lender headquartered in Florham Park, New Jersey and published on Gustan Cho Associates Mortgage and Real Estate Informational Center, http://www.gustancho.com. Arlene Di Sessa holds a Master's of Business Administration degree and a Master's degree in accountancy and is the branch manager of the Sacramento, California branch of The Money Store. Here is the link to the blog: http://gustancho.com/online-shopping

My mentor said to study the past tests. I did and passed. Welcome to AR

There are minimum credit score requirements to qualify for a FHA Loan. For home buyers that only have a 3.5% down payment on a home purchase, the minimum credit score required to qualify for a FHA Loan is 580 FICO credit score. Home buyers with credit scores down to 500 FICO credit scores are eligible to qualify for a FHA Loan, however, FHA requires 10% down payment on a home purchase on any home buyers with credit scores of under 580 FICO credit scores. Here is a mortgage blog article post about what the minimum credit score requirements are to qualify for a FHA Loan that was written by Gustan Cho and published on Gustan Cho Associates Mortgage and Real Estate Informational Center, http://www.gustancho.com:  Here is the link

http://gustancho.com/minimum-credit-scores-to-qualify-for-fha-loans

Sacramento California housing prices is hot. Sacramento California has one of the highest real estate values in the nation. Many folks in Sacramento California were deeply affected by the Great Recession of 2008 and real estate values plummeted more so in Sacramento California than it did in other parts of the state as well as most parts of the United States. Hundreds of thousands of homeowners had homes where their mortgage loan balances were higher than the value of their homes where they were underwater on their mortgages and thought that they were stuck with their homes for the rest of their lives. Bankruptcies and foreclosures has soured in Sacramento California and home values did not seem like they would ever recoup to their original values. Fortunately, the economy in Sacramento California has recovered and so has the economy. Sacramento California is considered as a high cost area and loan limits in Sacramento California are much higher for all mortgage loan programs. Here is an article about Sacramento Home Purchase that was written by Arlene Di Sessa, a senior writer for Gustan Cho Associates, and published on Gustan Cho Associates Mortgage and Real Estate Informational Center website, www.gustancho.com. Here is the mortgage blog article post link   http://gustancho.com/sacramento-california-home-purchase

Mortgage loan originators who want to take their mortgage careers to the next level and start their own mortgage branch office can start a mortgage net branch. A mortgage net branch is similar to a franchise where a mortgage loan originator can start their own mortgage business with the support of a mortgage company. The branch manager will get paid via Profit and Loss Statement, or P and L, and will be on a comp plan like 4% of the loan amount on a government loan and 2% on a conventional loan closing. The branch manager enters into an agreement with all of his or her loan officers and agrees on a loan officer comp plan like 100 basis points per loan as their commission. The corporate offices of the mortgage net branch will pay out the mortgage loan originator's commissions first, then pay out the expenses of the mortgage net branch and support staff of the net mortgage branch and then the remaining proceeds will go to the mortgage net branch owner, the net branch manager. All of Gustan Cho mortgage loan officers have the opportunity to start their own mortgage net branch whenever they feel like they are ready and Gustan Cho Associates will offer full financial and emotional support where the new mortgage branch owner will not have to come up with any out of pocket costs or investments and there are no minimum production requirements like other mortgage net branches. Here is an article on how to start a mortgage net branch with Gustan Cho Associates which was written by Gustan Cho and published on Gustan Cho Associates Commercial And Residential Mortgage Information Center Website, www.gustancho.com . Gustan Cho Associates is actively recruiting loan officers who also have goals of becoming future mortgage net branch owners with a great national mortgage company that is licensed in 46 states with little to no lender overlays. Here is the link to the article  http://gustancho.com/how-to-start-a-mortgage-net-branch

Julie Hayward is one of the top real estate agents in the State of Illinois. The Gustan Cho Team At The Money Store fully recommends Julie Hayward to all of its loan officers and Julie is the first choice for loan officers that have to refer their borrowers to a real estate agent in Chicago and its surrounding suburbs. Julie Hayward works closely with her real estate attorney Chad M. Hayward, the owner/partner of The Law Offices Of Chad M. Hayward and the two dynamic duo work seven days a week, evenings, weekends, and holidays. Julie is extremely knowledgeable in all aspects of the real estate field. Whether it is a condominium that your are buying, a single family home, a two to four unit, or commercial property, Julie knows exactly the fair market price as well as the neighborhoods like the back of her hands. Julie is a popular author with Gustan Cho Associates Mortgage Resource Center, www.gustancho.com, and she is also a contributing editor for www.lendingconsultants.org, www.homesnetwork.org, www.loanconsultants.org, and www.california-loans.com . Julie Hayward can be contacted by emailing her at juliehayward04@yahoo.com. Here is a popular article that is written by Julie Hayward, Preparing To Sell Your Home and was published on www.gustancho.com : Here is the link http://gustancho.com/preparing-to-sell-your-home-by-julie-hayward-2