Skip to content
×
Pro Members Get
Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Try Pro Features for Free
Start your 7 day free trial. Pick markets, find deals, analyze and manage properties.
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Kenneth Wiley

Kenneth Wiley has started 66 posts and replied 87 times.

Post: Indivisuals who have current Mortgage Underwriting Job Experience

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

i am continuing my research in private company industry in regards to mortgage related companies rather those companies are start up companies who are just recruiting new indivisuals and prepping those new indivisuals for the industry or large scale companies who have already been in the mortgage industry since the 18th century my problem is that i find very few companies who are offering paid for mortgage related licensure that is not a scam and paid for FINRA series exams and study guides all in exchange for temporary work or part time work or remote job as a mortgage underwriter

so i have done my research regarding the websites of companies who are involved in mortgages and i have visited these companies careers section of there website, now as i was looking at the jobs there were available for each company that was and still is involved in the mortgage buisness and majority of jobs have the targeted audience of those with prior experience in the mortgage industry meaning the indivisuals who are applying "already have already been employed at another mortgage company and are now going to another mortgage company for what ever reason(s) but for those who are like myself i am just trying to get my foot in the door so that i may apply and mind you that a lot of mortgage companies don't require degree's although some mortgage companies prefer degree's to those already having been employed and very few companies require a degree, also Do mortgage companies provide finance verb for new indivisuals seeking employment when those indivisuals have no prior work experience in the mortgage industry meaning the company will pay for your nmls liscensing and your finra certificates and any other liscensure or registeration fee's in exchange for being employed at there mortgage company in any job for x amount of time rather that is part time,full time, on call, remote desk job, sales job, contractor, etc..

Post: HAS ANYBODY SEEN WHAT A MORTGAGE BOND LOOKS LIKE?

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

my problem is the wording when it comes to varies terms such as mortgage, deed of trust, bonds in finance, i don't know how these words are used on a contract during a real estate transaction my guess is they are used during the drafting of new contractual agreements where you have pens at some table and multiple indivisuals signing there names at a specified area of the contract, and the words may also be used as contingency personally i would like to speak with a real estate attorney about this issue but i am operating on very limited knowledge 

Post: BUYING MORTGAGES REAL ESTATE TRANSACTION

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

i seem to be struggling with the documentation when buying something im not sure of but i get multiple definitions that are leading me to think that these idea's only exist in the mind but somehow exist on paper contracts im confused 

some of the words are mortgage, mortgage bond, bond fund, names related to a bond in finance, i want to better learn the paperwork that is involved in financing a real estate transaction which is why i am pursuing a job as a mortgage underwriter but i wonder if i will be taking finra series # related exams that and nmls related testing for liscensure reasons before recieving sponsership to work at a BBB accredited brokerage firm or a mortgage bank related company

Post: Help With Training Regarding NMLS

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

does anyone know where to obtain funds to pay for pre liscensing training courses on the approved companies list from the nmls to become loan processor, loan underwriter, or a mortgage loan originator

Post: how do repairs add value to a home

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

then how do you explain After Repair Value 

Post: how do repairs add value to a home

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

so

Post: Knowledge regarding how people are paid

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

when getting a mortgage will the real estate builder be paid one lump sum payment from some investor or multiple payments through a amortization schedule of payment from the borrower?


Post: Knowledge regarding how people are paid

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2

will the real estate builder be paid one lump sum payment from some investor or multiple payments through a amortization schedule of payment from the borrower?

Post: Broker doesn't like "And or Assigns" on Contract

Kenneth WileyPosted
  • Wholesaler
  • Buckeye, AZ
  • Posts 92
  • Votes 2
Originally posted by @Mary B.:

@Account Closed The realtor has no say if you choose to double close or not. So long as you find an investor friendly settlement officer (title co.) that will handle the double closing for you "it's good to go. "  there's a problem with this your assuming that things will flow smoothly but you have little to no idea of what is auctually going on as far as how the escrow officer will work out a double escrow unless you yourself have been trained/certified/liscensed or have spent a lot of effort researching the process  

 They don't want to have the 'and or assign' in the contract is suspect  and being as though they are a dual agent(working on behalf of both the buyer and seller) it seems that they are operating in the interest of the seller moreso than of the buyer(you). Its hard to remain neutral which is why I stay away from those dual agents...  

Kudos,

Mary