MLO - Mortgage Loan Originator

The definition of mortgage term: Mortgage Loan Originator

A MLO is a mortgage loan originator (also known as a loan officer). The MLO assists a lender or broker in finding borrowers, taking applications, selling products and advising them on mortgage products. A MLO that is employed by a non depository institution is required to take licensing exams and continuing education to keep their license active.

 

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