Mortgage loan originators do not make the decision about whether to approve your loan — they act more as an administrator, pushing paperwork through and explaining the loan's terms.

October 12, 2022 - The reasons may be different, but mortgage loan originator bankruptcies are making headlines for the first time since the run-up to the 2008 financial crisis.

Mortgage origination is the process through which the lender approves and creates your loan. Steps in the mortgage ...

Up to 30% of the 1,000 largest independent mortgage banks are projected to disappear by the end of 2023 via sales, or failures. In turn, thousands of loan originators could soon be looking for a ...

Mortgage loan origination is the process by which a lender evaluates, approves, and funds a home loan. Here's what you can expect during every step of the process.

Mortgage loan originator: Legal title of the profession, works with one institution. Mortgage broker: Still an LO, but coordinates with multiple lenders to find the best options for borrowers.

A mortgage origination fee can be part of your home loan closing costs. The fee covers loan processing, underwriting, funding, document preparation and other services. Lenders may charge a ...

Education and Testing Requirements. The Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) was passed in 2008 and became effective on Aug. 1, 2009. This law mandates certain ...

Consumer watchdog seeks public input on anti-competitive practices. The Consumer Financial Protection Bureau is conducting a mandated review of mortgage loan originator rules, part of the Truth in ...

Though it doesn't deal with borrowers directly, United Wholesale Mortgage remains the largest mortgage originator in the U.S., with 366,078 loans signed in 2024, totaling $139.7 billion.