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  2. 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]

  3. Nationwide Multi-State Licensing System and Registry

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

    The Nationwide Multi-State Licensing System and Registry (NMLS) (originally the Nationwide Mortgage Licensing System) is the system of record for non-depository, financial services licensing or registration in participating state agencies, including the District of Columbia and U.S. Territories of Puerto Rico, the U.S. Virgin Islands, and Guam.

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

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

    Mortgage loan originators must be licensed by a state or federal authority, and are mandated to act in the consumer's best interests. ... A mortgage loan officer isn’t always the same as a ...

  5. Mortgage broker - Wikipedia

    en.wikipedia.org/wiki/Mortgage_broker

    Loan officers who work for a depository institution are required to be registered with the NMLS, but not licensed. Typically, a mortgage broker will make more money per loan than a loan officer, but a loan officer can use the referral network available from the lending institution to sell more loans. There are mortgage brokers and loan officers ...

  6. The best home loan: how to shop for and compare mortgage offers

    www.aol.com/finance/best-home-loan-shop-compare...

    A mortgage broker is actually not a lender. Instead, they act as your representative, seeking out loans for you. Brokers work with an array of lenders and as a result, are often able to offer the ...

  7. Expert systems for mortgages - Wikipedia

    en.wikipedia.org/wiki/Expert_systems_for_mortgages

    An expert system for mortgages is a computer program that contains the knowledge and analytical skills of human authorities, related to mortgage banking. Loan departments are interested in expert systems for mortgages because of the growing cost of labor which makes the handling and acceptance of relatively small loans less profitable.

  8. This is how much money you need to earn annually to ... - AOL

    www.aol.com/finance/much-money-earn-annually...

    A reputable loan officer can help you run more exact calculations for your situation. In Example No. 1 above, the assumption is that you’re providing a 7% down payment on a $400,000 mortgage.

  9. 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 ...

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