mortgage loan officer

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House passes sweeping change to loan originator licensing rules

May 23, 2016By

The House of Representatives just passed a bill that could create a huge impact on the mortgage industry, as mortgage loan officers may soon be able to transition from a traditional bank to a nonbank and keep originating new mortgage loans without having to wait for a new license. Now, it’s on to the Senate for the SAFE Transitional Licensing Act of 2015.