Examples of Loan Originators in a sentence
Broker pays its Loan Originator(s) a pre-determined fixed dollar amount, which does not vary by loan, loan type, or loan product and which is paid in connection with each closed and funded loan, without regard to the principal loan amount funded.Broker Initials Commissions.
Licensing of Mortgage Loan Originators 750 IAC 9-3-1 Licensing of mortgage loan originatorsAuthority: IC 24-4.4-1-101Affected: IC 24-4.4-1-202; IC 24-4.5-1-202 Sec.
We provided the Mortgage Loan Originators (as applicable) a list of any differences that were found (subject to the instruction(s) provided by the Depositor described below).
Loan Originators should notify a supervisor after the application is accepted but before any eligibility determination is made.
Both the Loan Originators and Loan Servicers are responsible for effectively integrating Agency environmental policies and procedures with loan and grant origination and servicing activities.
This discussion focuses attention on the specific knowledge, skills, and abilities that qualified Loan Originators possess.
Its goal is to help Loan Originators and Loan Approval Officials in Field Offices move applicants through the origination process smoothly, while making sure that basic legal and administrative requirements are met.
Loan Originators will review the number of applications on hand in UniFi at least quarterly.
Loan Originators must use equal rigor for all applicants when verifying income, conducting credit checks, and allowing applicants to clarify information.
The rules formerly at 12 CFR part 610 have been recodified by the Consumer Financial Protection Bureau at 12 CFR part 1007, ‘‘S.A.F.E. Mortgage Licens- ing Act—Federal Registration of Resi- dential Mortgage Loan Originators (Regulation G)’’.PART 611—ORGANIZATIONSubpart A—GeneralSec.