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.
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