Examples of Mortgage loan originator in a sentence
Mortgage loan originator also includes an individual who holds himself or herself out as being able to perform any of the activities described in this definition.
Licensing and Registration Procedures.(1) Mortgage loan originator.
Mortgage loan originator" means an individual who for compensation or gain or in the expectation of compensation or gain takes a residential mortgage loan application or offers or negotiates terms of a residential mortgage loan.
Mortgage loan originator licenses may be renewed annually by submitting to the director a request for renewal and any supplemental material as required by the director.
Mortgage loan originator bond coverage shall not be canceled by either the employing licensed or registered mortgage broker or mortgage lender, the mortgage loan originator licensee or the corporate surety except upon notice to the Department by registered or certified mail or statutory overnight delivery with return receipt requested.