My Work As A Mortgage Banker For A Large Bank

Banks owe their customers a number of duties so long as the banker-customer relationship is formed . The banker-customer relationship will normally be governed by the law of contract. However,

University of Phoenix Material: Elements of a Contract Scenario Read the Elements of a Contract Scenario.

Mortgage law is as clear, consistent, and enforceable in the United States as in any place in the world, and far more so than in many countries. Why is this a vital element of an efficient real estate finance system?

A second mortgage loan officer, Sarah Harris, agreed to a $450,000 mortgage for a 20-year period at 8% interest rate after appraisal based on an income approach using 10.9% capitalization rate. Although not certain of her judgment, she considered Alexander’s projected figures realistic, but required him to personally sign the note as additional protection to the bank against loss.

Determine the elements of a valid contract, and discuss how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.

The regulation that I have chosen for this paper is amendment in the Regulation X i.e. “Real Estate Settlement Procedures Act” and Regulation Z which is for “Truth in Lending”, for establishing the new disclosure requirements and forms in Regulation Z for the most closed-end consumer credit transactions secured by the real property. This regulation is controlled by the Bureau of Consumer Financial Protection. The role of the Consumer Financial Protection Bureau (CFPB) is to provide consumers information related to the terms of their agreements with financial companies during their application for a mortgage, choosing among credit cards, or using any number of other consumer financial products. The mortgage market is the single largest market for the consumer of financial products and the services in the United States, with approximately $10.4 trillion in loans outstanding. Since last decade, market went through an unprecedented cycle of the expansion and the contraction that was fuelled in the part by securitization of mortgages and the creation of increasingly sophisticated derivative products. This led to the collapse of financial system in 2008 and sparked the most severe recession in United States.

Those involved in the mortgage lending process have some duty to the borrower. They are expected to perform their specific duties in an ethical manner and have some form of direct or indirect contact with the

Diversity constitutes a multitude of variations and differences. Everyone has distinct features that differentiate him or her from the one another. Whether short or tall, big or small, we are diversified. In order to help others, to change the world, or to create social cohesiveness, thorough knowledge and experience with diversity is necessary. For this matter, social work is positioned around diversity ethics and as a social worker one must proactively work with a diversified population throughout his or her professional career. Even though I have always had a strong interest in the social work profession, having numerous personal experiences with diversity allowed me to further realize that I had a passion to help people no matter who or what they are. The two experiences that I have had involving diversity and that I recollect the most are that of adjustments I had to make as a student at The University of Alabama and experiences that I have had throughout my three years on my current job at Walgreens.

If Seller fails to comply with this contract for any other reason, Seller will be in default and Buyer may, as Buyer's sole and exclusive remedy, terminate this contract and receive from Seller the deposit, thereby releasing both parties from the contract.

The Borrower and the Lender are, in good faith, entering into this Agreement and a contemporaneous Security Agreement, dated as above. The Debtors are entering into this Loan Agreement for the sum of $1,500,000.00 to be rendered by the Lender in the form a cashier’s check at the time of signing. The loan is compelled by the ample consideration provided in the corresponding Security Agreement. Both of these Agreements may be modified, amended, or supplemented from time to time throughout the natural course of the Agreements.

a. Contracts executed by the parties normally include provisions that clearly specify the enforceable rights regarding goods or services to be provided and received by the parties, the consideration to be exchanged, and the manner and terms of settlement.

The second requirement that needs to be fullled by the parties in the contract is the

The views "between following one 's needs and surrendering one 's self " can clash under particular conditions such as the environment and yet experienced in various manners. I first started working for the City of Irvine right after I graduated College 2014. Having the opportunity to work for a city such as Irvine right after college, I felt so honored and over joyed. Excited to have a job, working for a beautiful city and enjoying every second of every day and the new challenges and experiences. This employment opportunity allowed me to be paid above the minimum wage, though I was not interested in the pay. It also allowed me to make a difference in the people around the community, which to me, is a value to me. I need to have value within my career choice in addition to and being able to enjoy my daily tasks.

Banking products cannot be separated from the person (banker) who markets them. The product and the seller together constitute the

Contracts are used in many different forms and for just as many different situations within our everyday lives. Some contracts are more involved than others and for some; contracts are an essential of their success. As we continue, we will take a look at different types of contracts with the main focus on enforceable contracts. With so many elements that are incorporated into any contract, the six essential elements of enforceable contracts will be the main focus of this writing. Having a clearer understanding of the essentials of life will help prepare us for life’s curves that may come our way.