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

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

   Key takeaways. 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 ...

3. Loan officer - Wikipedia

   en.wikipedia.org/wiki/Loan_officer

   Some institutions—usually small banks and credit unions—do not use underwriting software and instead rely on loan officers to complete the underwriting process manually. [2] Mortgage loan officers specialize in loans used to buy real estate (property and buildings), which are called mortgage loans. Mortgage loan officers work on loans for ...

4. Mortgage law - Wikipedia

   en.wikipedia.org/wiki/Mortgage_law

   A mortgage lender is an investor that lends money secured by a mortgage on real estate. In today's world, most lenders sell the loans they write on the secondary mortgage market. When they sell the mortgage, they earn revenue called Service Release Premium. Typically, the purpose of the loan is for the borrower to purchase that same real estate.

5. When should you refinance your mortgage? - AOL

   www.aol.com/finance/when-to-refinance-mortgage...

   You’ve paid too much already. If you’re halfway through your current mortgage terms, you may not see much benefit to refinancing. Most of your monthly payment now goes to the principal balance ...

6. Discount points - Wikipedia

   en.wikipedia.org/wiki/Discount_Points

   Discount points, also called mortgage points or simply points, are a form of pre-paid interest available in the United States when arranging a mortgage. One point equals one percent of the loan amount. By charging a borrower points, a lender effectively increases the yield on the loan above the amount of the stated interest rate. Borrowers can ...

7. I’m a Real Estate Agent: Here’s What Happens When ... - AOL

   www.aol.com/m-real-estate-agent-happens...

   Losing the ability to keep up with your mortgage payments due to a job loss, illness or other misfortune can put you into foreclosure on your mortgage. If that has happened to you -- or you are ...