Your loan originator can work for a mortgage brokerage company, mortgage banking company or bank. They will assist you with determining your maximum qualifying purchase price and issue a pre-approval for said amount. Once the contract has been signed, the loan originator will head the efforts to submit, process, approve and clear your home loan for funding. You will work with the loan originator twice, during this process: First for your pre-approval and last to apply as well as close the loan.
Announcement Date: September 21, 2015