Mortgage banker is subject to disciplinary action if a mortgage loan originator engages in a pattern of repeated violations.
Who is mortgage banker and why is he subject to disciplinary action?
- Mortgage banker is an individual in the company responsible for originating mortgages.
- The mortgage banker or the residential mortgage person originates mortgages using his own funds.
- The mortgage banker is not licensed for mortgage broker as is mentioned in the laws of mortgage.
- Here is asked if a mortgage loan originator engages in a pattern of repeated violations, the person who is subjected to disciplinary action.
- Hence a mortgage banker is the one subject to disciplinary action when to originate mortgage loan .
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