I picked this book up to get a better idea of how the mortgage industry worked before I started at Roostify. The book reads like an advertisement for the author. Each chapter follows this general format:
In general, the book is useful for getting my head around just how complex the mortgage industry is. However, it is out of date as most of the book focuses on Truth-in-Lending regulations which have been superseded by TRID (TILA and RESPA Integrated Disclosure).
If you are a consumer looking to get a loan, I would recommend waiting for a book that covers the new regulations. If you can’t wait, this book does provide some good checklists on what you should be asking your lender and what documents you will need.