What are the job roles and responsibilities of a mortgage loan originator?

The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) defines the role of a mortgage loan originator. An MLO is responsible for negotiating mortgage loan terms and taking mortgage loan applications. To be a practicing MLO, it is necessary to first obtain a mortgage loan originator license. An MLO contacts potential clients who need real estate financing to buy or invest in properties.