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2. Homebuyer education courses: What are they and should you ...

   www.aol.com/finance/homebuyer-education-courses...

   Costs for these classes range from free to $125, with some lenders crediting what you spend on a course to your closing costs. Many state homebuyer assistance programs and some mortgage lenders ...

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

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

   Mortgage loan originators must be licensed by a state or federal authority, and are mandated to act in the consumer's best interests. ... taking certain financial courses and passing an exam. To ...

4. Nationwide Multi-State Licensing System and Registry

   en.wikipedia.org/wiki/Nationwide_Multi-State...

   NMLS is the sole system of licensure for mortgage companies for 58 state agencies and the sole system of licensure for Mortgage Loan Originators (MLOs) for 59 state and territorial agencies. Over three-quarters of the states also currently manage additional license types through the System in the money services business, debt and consumer ...

5. Loan officer - Wikipedia

   en.wikipedia.org/wiki/Loan_officer

   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 both residential and commercial properties. Often, mortgage loan officers must seek out clients, which requires developing relationships with real estate companies and other ...

6. Mortgage broker - Wikipedia

   en.wikipedia.org/wiki/Mortgage_broker

   The selling of mortgage loans in the wholesale or secondary market is more common. They provide permanent capital to the borrowers. A "direct lender" may lend directly to a borrower, but can have the loan pre-sold prior to the closing. Few lenders are comprehensive or "portfolio lenders". That is, few close, keep, and service the mortgage loan.

7. Mortgage bankers: Who they are and what they do in home ... - AOL

   www.aol.com/finance/mortgage-bankers-home...

   Selling loans: Mortgage bankers can also sell your mortgage or the rights to service your mortgage on the secondary market. Mortgage bankers do this to free up more capital to make more loans to ...

8. Mortgage Bankers Association - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Bankers_Association

   During the subprime mortgage crisis of 2008, the MBA's membership fell from 3,000 to 2,500. Its current membership is 2,200. [1] [2] Uniform multi-state licensing of mortgage originators began in 2008 with the Nationwide Multi-State Licensing System and Registry (NMLS). The NMLS requirements may have been greater than those of mortgage ...

9. Types of mortgage lenders and how to choose - AOL

   www.aol.com/finance/types-mortgage-lenders...

   After closing, many wholesale lenders sell the mortgage to investors and let a different financial institution service the loan. Online lenders Some mortgage lenders only operate online.