[header] How to become a loan originator [title] Understand what loan originators do. [step] A loan originator gathers all of the required loan documentation from a borrower. This includes a completed loan application and a credit report.
[header] How to become a loan originator [title] Understand what loan originators do. [step] A loan originator gathers all of the required loan documentation from a borrower. This includes a completed loan application and a credit report.
Borrowers report this to the lender and their credit card company. The most common types of loan originators include : [substeps] Mortgage loan originator. The lender makes sure that the lender actively hires a quality loan originator. The lender then firms up and processes the loan for the borrower. The issuer then logs on with the bank that made the loan in case you change your mind about landing a loan early. [substeps] In some situations, the loan originator might even take a loan from a bank from which the lender has not had sufficient prior experience. The originator helps the borrower determine the right type of loan for their needs. A loan originator works with the underwriter to get the loan approved.