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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 officer - Wikipedia

    en.wikipedia.org/wiki/Loan_officer

    Consumer loan officers specialize in loans to people. Consumers take out loans for many reasons, such as buying a car or paying college tuition. For some simple consumer loans, the underwriting process is fully automated. However, the loan officer is still needed to guide applicants through the process and to handle cases with unusual ...

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

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

    How much income do I need to afford a $400,000 house? We’re going to walk through a couple examples further down in this piece that place the yearly salary needed to afford the mortgage payment ...

  5. Loan Processor vs. Underwriter: Which is Right for You? - AOL

    www.aol.com/loan-processor-vs-underwriter...

    Loan processors simply do the backend work while the loan originator or officer manages the application from start to finish. ... tax returns, salary income, bank statements and proof of assets ...

  6. Mortgage - Wikipedia

    en.wikipedia.org/wiki/Mortgage

    A mortgage loan or simply mortgage (/ ... Salary packaging; ... the initial lender is known as the mortgage originator, which then packages and sells the loan to ...

  7. Mortgage broker - Wikipedia

    en.wikipedia.org/wiki/Mortgage_broker

    In the event that the loan is paid back by the borrower within 24 months of the loan settlement, mortgage brokers are charged a "clawback" fee by the lenders since the loan is considered "unprofitable". The amount is usually 0.66% of the loan amount for loans paid back in the first 12 months and 0.33% for loans paid back in the next 12 months.

  8. How much money do you need to buy a house? 6 costs to ... - AOL

    www.aol.com/finance/much-money-buy-house-6...

    Loan origination. Title search. Title insurance. ... (With a $100K annual salary, that will be about $2,333 per month.) When should I start saving for a house?

  9. Mortgage origination - Wikipedia

    en.wikipedia.org/wiki/Mortgage_origination

    In consumer lending, mortgage origination, a specialized subset of loan origination, is the process by which a lender works with a borrower to complete a mortgage transaction, resulting in a mortgage loan. A mortgage loan is a loan in which property or real estate is used as collateral.