Archive | Mortgage Loan Origination

Understanding Your Loan Approval

Q&A In Lending Does Not Mean Questions and Answers

Two words people should understand are Prequalified and Preapproved. Buyers and Sellers should know the difference. It is important. I will quote the Consumer Financial Protection Bureau site:  “Prequalification is a lender’s estimate of how much you could be eligible to borrow based on information you supply. Prequalification does not mean you will get the […]

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Do You Know Your MLO

Do You Know Your MLO?

MLO’s in California can be licensed in three categories. FDIC – The Big Banks like Wells Fargo and Bank of America; DBO – Formerly the Dept. of Corporations; CalBRE – Formerly the Dept. of Real Estate. Did you know that the Federal Requirements for Education and Exams vary for these groups? FDID originators have no […]

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