What are the regulations related to fair lending?

... loan originator under the S.A.F.E. Mortgage Licensing Act of 2008. The term does not include an employee of a mortgage broker or mortgage lender whose ... ... loan application; or (ii) offers or negotiates terms of a residential mortgage loan. (B) But, does not include an individual engaged solely as a loan processor ... It's their job to collect and review your income, credit, and asset documentation and ensure that everything aligns with what you stated on the application. You ... Mar 4, 2025 ... A mortgage loan originator, or mortgage loan officer, helps clients choose a mortgage package and complete loan applications. They evaluate a ... (2) CONTRACT LOAN PROCESSORS.—Subsection (1) does not apply to a contract loan processor who has a declaration of intent to act solely as a contract loan ... Employee mortgage loan processors do not have to complete pre-licensing education. Loan processors must complete eight hours of continuing education each year, ... Each licensed mortgage loan originator must register with and maintain a valid unique identifier issued by the nationwide mortgage licensing system and ... While ZipRecruiter is seeing salaries as high as $28.67 and as low as $12.77, the majority of Loan Processor salaries currently range between $16.78 (25th ... What does a loan processor do? · The loan processor would first review all your financial documentation and get projected expenses associated with the home you' ... (2) does not include an individual engaged solely as a loan processor or ... do anything that would be considered to be acting as a mortgage loan ...