Mortgage Rap

 

 

Never TILA lie, but tell the cost of credit,

APR and finance charge, so your clients get it.

Make sure you disclose, before you grow your nose, the following list and how it goes.

 

TIL statement and a guide

A charming booklet that adjusts just fine

A prepayment disclosure for them peeps

and notice of their right to rescind

HELIicopters(HELOCS) line up at your home

with a chance of ARM balloons if that’s your type of loan.

 

Reg Z gives some  time guidelines

For the TIL Statement the lender provides.

After the app arrives, we have 3 days,

At the latest 7 days before closing day.

 

What defines an app, for TI LA,

6 bits of info, think about it, duh

3 from the borrower, and 3 from the property

name, social, income for the first,

Next comes value, address, loan amount.

 

After they close, and everything is rosy

The client still has 3 days to rescind.

Every business day, and time runs away, every day counts, except sundays, holidays.

But failure to notify, or understated buy, gives the buyer 3 more years to decide.

 

Advertising sucks, with all these guidelines,

And the feds get along with Steve Lines

Number means trigger, so watch what you say, better tell the APR or bye to Fannie Mae.

Terms to fit your budget, 12% APR, both are acceptable things to say.

 

And so ends my rap, of TILA, it’s better than vanilla, and you’ll close your Deala.

 

 

Arizona MLO Rap

Arizona MLO, part 1

Arizona MLO part 2

Arizona MLO part 3

 

Arizona MLO

Lyrics and Music by Ryan Hartwig

 

Part 1

 

Wanna to be an MLO, take the state exam

Wanna pass the test, study this jam.

 

10% of interest, is the legal rate

no prepayment penalties if you just can’t wait.

 

AZdfi punto gov

is the state’s website you’ll come to love

 

The superintendent is the man,

he’s appointed every 4, and audits every 5.[audits financial institutions annually, banks every two, and brokers and bankers every 5]

 

Some basic definitions, are very good to know

investor, commercial property, closing and escrow.[closing is when all the docs are executed and recorded]

Escrow records the deal, then the deal is closed.

An investor means a person, or company purchasing.

Commercial land consists, of more than 4 families,

And the commercial banker is okay without licensing.

 

What goes on your business card,

Along with those balloons,

Company name license, NMLS too.

 

You also need these three, for any kind of sign,

blog twitter facebook, just look online.

 

 

ARS 6-991.01

Talks about your license, and when you don’t need one

If it’s your own house, or for family,

commercial mortgage banker(small pause), or their employee

Receives deeds of trust, or ancillary lawyer.

manufactured homes, and loss mitigation.

 

Part 2

 

Half of the test, is on the prohibitions,

Not the prohibition or the wine in your kitchen.

 

Don’t work or advertise, for yourself

get paid without a license

or give loans less than minimum [10k min for banker, 5k min for broker]

 

Don’t hand out a loan, not secured by deed

Unless your employer is indeed the lender.

You can’t work two jobs, and you can’t be the agent,

unless you tell the customer upfront like it is.

Can’t disburse the green stuff, can’t commit fraud, can’t make the max insurance more than the cost.

Have to be employed, can’t knowingly withhold, info from the auditor, when he’s told.

If, you’re the processor or  you underwrite,  you can’t publicize, loan origination.

 

What’s prohibited, for a banker/broker

 

Let’s start with servicíng, can’t mix PI TI [appraisal fees and credit report fees go in one account, application fees are separate]

No blank spaces, if you know what I mean

Can’t keep from, shopping around

If the loan is under, 200 thou

Can’t delay the loan, to increase the cost

or your precious license, will soon be lost.

 

What about them records, piled in a heap

Bankers for 2 years, brokers 5 years keep.

 

What to tell the client, when it comes to fees,

app fee, appraisal, credit then you’re done.

Feds are always watching so be sure and tell all three.

 

Part 3

 

4 types of encúmbrances for your deed.

Easement, deed restriction, encroachment, and lien.

 

Mortgages specific, and voluntary.

Lots of traps to fall in, better to be wary.

 

The last few facts, about Arizona

Lien theory state, not toyota tacoma.

 

Property tax is due, in October and March.

But if late you pay,

In November and May.

 

Wanna pass the test, study this rap,

use it all the time, like a google app.

 

 

 

 

Advocate

Listen to it here: Advocate 3


Advocate

by Ryan Hartwig

 

Don’t give up do whatever it takes,

To become worthy, of God’s grace.

 

Focus on improvement, and recognize

The little things you’re doing right no matter the size.

 

Think about relationships, with self and with God.

 

What is it, I believe of me, myself and I,

good or bad or ugly,

capable and cute.

 

Are these my own thoughts, or do they come from others,

and do they align themselves with God’s own opinion.

 

Instead of the negative, think of something good.

 

Be happy and positive, like you know you should.

 

Let God come heal you through his merits, mercy, grace.[1]

 

Like an army medic he responds to your call,

And through your faith obedience brings comfort to us all.[2]

 

He is our advocate, the very best attorney.[3]

 

And while we’re on the gurney, he’s standing up to plead.[4]

 

For our cause and liberty, deliverance from sin.

 

He loves us so much, and he’s our next of kin.

 

Listen to his Word, and feast upon his love, for you may forever if your minds are firm.[5]


[1] 2 Nephi 2:8, 3 Nephi 9:13

[2] Isaiah 57:18

[3] Moroni 7:28

[4] Isaiah 51:22, Isaiah 3:13, Jacob 3:1

[5] Jacob 3:2

 

A rap a day…

Listen to it here: A rap a day…

 

A rap a day keeps the doctor away

 

Apples and lettuce, all of them is good

When you see the doctor, you feel like you should

 

But them brownies ain’t got good stuff in ’em

They damage your body like a poison or venom

 

Tomatoes are red, like the rhythm of your heart

Blueberries are chillin’, and taste a little tart

 

So learn your lesson, and eat a little more

Of them fruits and veggies, your nutrition is poor.

 

A rap a day keeps the doctor away

 

(lyrics and music by Ryan Hartwig)