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

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

    What is a mortgage loan originator’s salary? It depends. MLOs employed as loan officers are generally compensated through an annual salary or at an hourly rate, and earn a commission on every ...

  3. Loan origination - Wikipedia

    en.wikipedia.org/wiki/Loan_origination

    Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.

  4. Loan officer - Wikipedia

    en.wikipedia.org/wiki/Loan_officer

    Mortgage loan officers in the United States must have a Mortgage Loan Originator (MLO) license. To become licensed, they must complete at least 20 hours of coursework, pass an exam, and submit to background and credit checks. Licenses must be renewed annually, and individual states may have additional requirements. [3]

  5. Mortgage bankers: Who they are and what they do in home lending

    www.aol.com/finance/mortgage-bankers-home...

    Originating loans: Mortgage bankers have a variety of loans to offer, but some can specialize in particular types of loans, such as jumbo loans, VA loans or unusual financing options.

  6. Mortgage broker - Wikipedia

    en.wikipedia.org/wiki/Mortgage_broker

    The banks have used brokers to outsource the job of finding and qualifying borrowers, and to outsource some of the liabilities for fraud and foreclosure onto the originators through legal agreements. [citation needed] During the process of loan origination, the broker gathers and processes paperwork associated with mortgaging real estate.

  7. What is mortgage loan origination? - AOL

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

    Mortgage loan origination is the process of your loan being established. When you formally apply for a mortgage , the lender or loan officer “originates,” or initiates the loan (or, to be more ...

  8. Mortgage industry of the United States - Wikipedia

    en.wikipedia.org/wiki/Mortgage_industry_of_the...

    Loans may also be categorized by whether there is full documentation, alternative documentation, or little to no documentations, with extreme "no income no job no asset" loans referred to as "NINJA" loans. No doc loans were popular in the early 2000s, but were largely phased out following the subprime mortgage crisis. Low-doc loans carry a ...

  9. How much can I borrow with a personal loan if I have ... - AOL

    www.aol.com/finance/much-borrow-personal-loan...

    Loan origination fee of up to 10 percent. ... An underwriter’s job is to access the nitty-gritty of your financial history to let the lender know how risky it could be to take you on as a borrower.

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