Archive | Mortgage Loan Origination

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Libor, We Knew You All So Well

Libor, We Knew You All So Well For so many years when a Mortgage Loan Originator was asked, “What index is used for this adjustable loan?” Most of the time, the answer was LIBOR. Now there could be others such as 11th District Cost of Funds, 10 Year Treasuries, Moving Treasury Average. That was not […]

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MLO CE Season has Begun

  State Licensed Mortgage Loan Originators (DBO and CalBRE) must complete 8 hours of Continuing Education Every Year Yes, every year, not every four years like Real Estate License Renewals.   The due date is not varied throughout the year, as the due date for everyone is December 31st.   Well, really a few days […]

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Alert To All Real Estate Brokers, Insurance Agents, And FDIC People Who Hope To Become A State Licensed MLO

Becoming A State Licensed MLO As I have mentioned many times, to become a State Licensed MLO (DBO or CALBRE), you must complete a 20 Hour Approved Course and pass a 125 question exam. Sounds easy? It is not. There is some work and study involved. Ask some of the almost 40% who fail the test […]

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