ECOA (MLO Study Video)

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  • Опубліковано 26 гру 2024

КОМЕНТАРІ • 46

  • @NV-zz7jj
    @NV-zz7jj 2 роки тому +11

    You sir have no idea how grateful I am that today I passed the exam! Thank you sir for your time to put these videos up

  • @MotivationPath1234
    @MotivationPath1234 2 роки тому +12

    I've never commented on youtube before but i love the way you teach ive been trying to study this for days but in less 9 min i understood everything about ECOA. thanks to you and god bless you

    • @Claysmile
      @Claysmile  2 роки тому

      You're very welcome Aderyan! And thank you for those kind words! And here is a detailed game plan for passing the MLO test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.

  • @bnrz28
    @bnrz28 2 роки тому +2

    You sir are a amazing ! I’m starting to make some sense of the 844 facts from affinity. I’ve been lost for about 2 weeks lol

  • @joshriegelsberger9517
    @joshriegelsberger9517 3 роки тому +5

    Your video has helped more than my tutor has helped me so Thank you!

    • @Claysmile
      @Claysmile  3 роки тому

      I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!"... And here is a detailed game plan for passing the MLO test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
      And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

  • @Princess_Of_The_Most_High
    @Princess_Of_The_Most_High 3 роки тому +1

    Thank you so much for making these videos available to watch whenever needed. 🙏🏼🙏🏼

    • @Claysmile
      @Claysmile  Рік тому

      You're very welcome Emily! I'm grateful to be part of your journey!

  • @keithclark8030
    @keithclark8030 Рік тому +2

    I'm taking notes. Thanks

    • @Claysmile
      @Claysmile  Рік тому

      To get the more detailed explanations and more free study sessions, check out the free Facebook group "MLO Study Buddy" mlostudybuddy.com/

  • @camilamanley7850
    @camilamanley7850 3 роки тому +1

    Question. A notification within 30 days of loan application seems contradictory to the RESPA law of disclosures within 3 business days of application? How are these two laws related?

    • @calirose1315
      @calirose1315 3 роки тому

      i may not be right but i believe RESPA applies to a refinance.. that could be the difference.

    • @Claysmile
      @Claysmile  3 роки тому +1

      I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!"... And here is a detailed game plan for passing the MLO test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
      And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

  • @Maitairanch
    @Maitairanch 4 місяці тому +1

    God bless you sir

    • @Claysmile
      @Claysmile  4 місяці тому

      Thanks! And for more resources, check out my friend Rocky’s study group: www.mlostudybuddy.com

  • @riffmania
    @riffmania 3 роки тому +4

    thank you! just started studying for my MLO test!

    • @Claysmile
      @Claysmile  3 роки тому

      I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!"... And here is a detailed game plan for passing the MLO test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
      And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

  • @envoy016
    @envoy016 3 роки тому

    Awesome videos to complement the lectures, thank you for taking the time to make these!!

  • @drneale
    @drneale 3 роки тому

    In the section where you speak of applying for credit secured by a first lien loan, are you still speaking of a home loan and the appraisal report that ensues? Or is this different? Thanks

  • @justinroberts2263
    @justinroberts2263 3 роки тому +2

    This is a great video!

  • @tradewithion
    @tradewithion Рік тому +1

    I’ve been reading this for a while now

    • @Claysmile
      @Claysmile  Рік тому

      Also, more resources are in my friend Rocky's MLO Study Buddy group: www.mlostudybuddy.com

  • @albertogarcia7974
    @albertogarcia7974 Рік тому +3

    OMG, @Claysmile you are so practical when it comes to understanding such reg! Tons of thanks Mr. for sharing this content up and more importantly for your time and knowledge-sharing attitude! God bless you Mr.

    • @Claysmile
      @Claysmile  Рік тому +1

      You're very welcome Alberto! Thank you for kind words. I'm grateful to be part of your journey! Let's keep in touch!

  • @amycossin1414
    @amycossin1414 2 роки тому +3

    I passed! 1st attempt! Honestly, the questions I had were not in these study videos or study guides I bought.

    • @Claysmile
      @Claysmile  2 роки тому +1

      Congratulations Amy!!

    • @pedrolugo8950
      @pedrolugo8950 2 роки тому

      Yes I failed but all this in not on the mlo uniform test.. maybe 10 questions from 120..

    • @TraderJoe31415
      @TraderJoe31415 Рік тому +1

      @@pedrolugo8950 What questions did it mostly consist of?

  • @Christ_is_King-zd1jz
    @Christ_is_King-zd1jz 2 роки тому

    Awesome video! Quick question, why is it not okay to say “are you divorced?” But ok to ask “are you separated?” Just wondering…

  • @adrianquitugua7389
    @adrianquitugua7389 3 роки тому

    Thanks a lot sir, super informative .

  • @jorgenyson
    @jorgenyson 3 роки тому +1

    I completed 20 hours class required by NMLS, I am preparing for the exam. I enjoy your study. Thank you

    • @Claysmile
      @Claysmile  3 роки тому

      I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!"... And here is a detailed game plan for passing the MLO test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
      And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

  • @catagee4189
    @catagee4189 3 роки тому

    Your videos are very helpful, thank you!

  • @mireillehernandez1644
    @mireillehernandez1644 3 роки тому +1

    What does consumption mean?

    • @Claysmile
      @Claysmile  3 роки тому

      I'm part of a Facebook study group called "MLO Study Buddy Group - Let's pass the S.A.F.E exam!"... And here is a detailed game plan for passing the MLO test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/play/PLSeUah3czymM0VEk2dqbeiaEeQnzctfcp.html
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.
      And after you pass the test and when you start to look for sponsorship, I highly recommend that you try to secure a LOA (Loan Officer Assistant) position with a high-producing MLO in your local area because that type of position will help you master the art and science of originating and closing loans and will put you on the fast track to becoming a high-producing MLO.

  • @amyyas927
    @amyyas927 Рік тому

    ECOA applies to the extension of credit for?
    A. Loan secured by a first or subordinate lien on residential property
    B. Residential, Commercial, business, and agricultural loans
    C. Business, commercial, and agricultural loans
    D. All credit other than government loans

    • @Claysmile
      @Claysmile  Рік тому

      To get the most detailed explanation, please check out the free Facebook group "MLO Study Buddy" mlostudybuddy.com/

  • @erinwilliam2209
    @erinwilliam2209 2 роки тому

    Hello I had a few questions if possible

    • @Claysmile
      @Claysmile  2 роки тому

      Hi Erin -- Here is a step-by-step game plan for passing the NMLS test:
      #1: Complete all the modules of the Affinity Mastery Course but don’t do any of the practice exams (save those for later). Print out and read through the 800+ Facts (from the Affinity Mastery Course). The course also has an audio version of the 800+ Facts that you can listen to as well. In fact, some people like to listen to the 800+ Facts and read along with it instead of just reading the printed version.
      #2: Make sure you watch the 4-hour video (in the Affinity Mastery program)
      #3: Make sure you go through the Audio Flashcards (in the Affinity Mastery program).
      #4: Stay plugged into The Study Buddy Facebook group: facebook.com/groups/257646308865682/
      #5: Consistently attend Rocky's group study sessions (found in the Study Buddy group. In the group, Rocky posts the ZOOM link to his classes). In Rocky’s classes, you will master the 800+ Facts. After you master the 800+ Facts, then go back and do all of the practice exams of the Affinity Mastery Course.
      #6: Print out Jen's Cheat Sheet (found in the “files” tab in the Study Buddy group).
      #7: Check out the several documents posted in the “files” tab in the Study Buddy group. You will see great resources from Jack Carpenter, Summera Shaikh, Charlee Jacobs, Adam Crandall, and Vicky Rowe
      #8: Check out the “events” tab in the Study Buddy group for upcoming special events.
      #9: If you want a study partner, post a request in the group.
      #10: Check out my UA-cam playlist of MLO study videos: ua-cam.com/users/playlist...
      #11: Also, in case the Thinkific platform is easier for you, I organized many of my those videos into this free course: claysmile.thinkific.com
      #12: If you have any questions, feel free to post them to the group. Also, if for some reason you cannot find Rocky’s class, post a message in the group and someone will help you to get connected.

  • @amyyas927
    @amyyas927 Рік тому +1

    I need the answer please

    • @Claysmile
      @Claysmile  Рік тому +1

      To get the most detailed explanation, please check out the free Facebook group "MLO Study Buddy" mlostudybuddy.com/

  • @berlingrace634
    @berlingrace634 2 роки тому +1

    You helped me pass

    • @Claysmile
      @Claysmile  2 роки тому

      Congratulations Berlin! And thank you for that awesome feedback. I'm grateful to be part of your journey!

  • @nickferraro965
    @nickferraro965 3 роки тому +2

    good