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  2. Mortgage application: What’s included and how to prepare - AOL

    www.aol.com/finance/mortgage-application...

    Mortgage lenders received 14.3 million home loan applications in 2022, which were reported under the Home Mortgage Disclosure Act (HMDA). Of those, 8.4 million resulted in loan originations ...

  3. 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 ...

  4. How to get a mortgage - AOL

    www.aol.com/finance/mortgage-180956822.html

    The minimum down payment ranges from 3 to 3.5 percent of the home’s purchase price for fixed-rate conventional loans and FHA loans, respectively. On a $400,000 home, for example, that range ...

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

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

    A mortgage loan originator (MLO) is employed by a lender to help borrowers move through the mortgage application process. Mortgage loan originators do not make the decision about whether to ...

  6. Home Mortgage Disclosure Act - Wikipedia

    en.wikipedia.org/wiki/Home_Mortgage_Disclosure_Act

    The purpose of the loan (home purchase, home improvement, refinancing) Owner occupancy of the property (owner occupied or non-owner occupied) The loan amount; Whether or not the application was a request for pre-approval; The type of action taken (approved, denied, withdrawn, etc.) The date of action taken

  7. 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.

  8. Guide to first-time homebuyer loans and programs - AOL

    www.aol.com/finance/guide-first-time-homebuyer...

    VA loan: The VA guarantees home loans for eligible U.S. military members (active duty, veterans and surviving spouses). These don’t require a down payment, though there is a funding fee .

  9. Mortgagebot - Wikipedia

    en.wikipedia.org/wiki/Mortgagebot

    In 1997, Mortgagebot was formed as the mortgage subsidiary of M&I Bank. The bank's consumer-direct system for taking mortgage applications was originally developed to enable M&I's mortgage business to take advantage of the growth of the Internet. [citation needed] In 2001, Mortgagebot was spun off from M&I Bank in a management-led buyout. [1]

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