Apr 20 , 2016

Tampa School of Real Estate

Mortgage Loan Originator (mlo)

Definition:  person who solicits or offers to solicit mortgage loans, accepts or offers to accept mortgage loan applications, negotiates the terms or conditions of new or existing loans, processes loan applications or negotiates the sale of existing loans to noninstitutional investors

Pronunciation:   \ˈmȯr-gij\\-ˈri-jə-ˌnā-tər\

Used in a Sentence:    The mortgage loan originator negotiated the terms of our new loan.

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