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Ultimately, the mortgage banker, not a broker, will be the one to make the decision about your loan. In fact, some people who get a mortgage never work with a broker at all, instead working ...
Skilled through alternative routes (STAR) is a term to describe adults in the United States without bachelor's degrees who have work experience and skills that position them for transitions to higher-wage jobs. [1]
Get breaking Finance news and the latest business articles from AOL. From stock market news to jobs and real estate, it can all be found here.
College graduates fall into this category once they have completed the state-required courses as well. California allows licensed attorneys to become brokers upon passing the broker exam without having to take the requisite courses required of an agent. Commonly more coursework and a broker's state exam on real estate law must be passed.
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.
The Mortgage Bankers Association has a political action committee called Mortgage Bankers Association Political Action Committee (MORPAC). [5] MORPAC raises money to help elect and re-elect candidates to Congress who have an understanding of the real estate finance and housing industries, and who are supportive of the mortgage profession.
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