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2. Mortgage loan originators: What are they and what do ... - AOL

   www.aol.com/finance/mortgage-loan-originators...

   A mortgage loan officer isn’t always the same as a mortgage banker (though they work for one). The officer won’t make the decision to approve or deny you a loan; they just process it and ...

3. Mortgage Broker vs. Loan Officer: Which Is better? - AOL

   www.aol.com/finance/mortgage-broker-vs-loan...

   Getting a home loan is a big financial decision. This is why it’s important to work with someone who can get the lowest rate and best terms on your mortgage. When looking for a mortgage, you ...

4. Mortgage broker - Wikipedia

   en.wikipedia.org/wiki/Mortgage_broker

   In the event that the loan is paid back by the borrower within 24 months of the loan settlement, mortgage brokers are charged a "clawback" fee by the lenders since the loan is considered "unprofitable". The amount is usually 0.66% of the loan amount for loans paid back in the first 12 months and 0.33% for loans paid back in the next 12 months.

5. Best mortgage lenders of November 2024 - AOL

   www.aol.com/finance/best-mortgage-lenders...

   A mortgage broker is a professional who can help you shop around for your mortgage. Unlike loan officers, mortgage brokers are independent entities—they don’t work for a particular lender ...

6. Loan officer - Wikipedia

   en.wikipedia.org/wiki/Loan_officer

   Loan officers evaluate, authorize, or recommend approval of loan applications for people and businesses. [1] Most loan officers are employed by commercial banks, credit unions, mortgage companies, and related financial institutions. Mortgage loan officers must be licensed. [1]

7. Mortgage origination - Wikipedia

   en.wikipedia.org/wiki/Mortgage_origination

   A mortgage loan is a loan in which property or real estate is used as collateral. During this process, borrowers must submit various types of financial information and documentation to a mortgage lender, including tax returns, payment history, credit card information and bank balances. Mortgage lenders use this information to determine the type ...

8. How to buy a house from a family member - AOL

   www.aol.com/finance/buy-house-family-member...

   Commission savings: If you and a trusted family member agree to a sale, you might be able to eliminate the need for real estate agents. Considering that the typical agent commission is 2.5 to 3 ...

9. Nationwide Multi-State Licensing System and Registry

   en.wikipedia.org/wiki/Nationwide_Multi-State...

   NMLS is the sole system of licensure for mortgage companies for 58 state agencies and the sole system of licensure for Mortgage Loan Originators (MLOs) for 59 state and territorial agencies. Over three-quarters of the states also currently manage additional license types through the System in the money services business, debt and consumer ...