Monster.ca

Commercial Relationship Manager

Credit Officer

Business Banker

A Mortgage Loan Officer assists customers who apply for loans, and solicits loan applications on behalf of a bank, mortgage broker or credit union. Provides information on types of loans available, gathers financial and credit information needed to evaluate loan applications; guides the application and approval process. May partner with real estate agents to offer financing information to potential home buyers. May sell mortgage loans on commission.

Mortgage Manager

Loan Officer (General)

Loan Administrator / Manager

Loan Underwriter

Agricultural Lender

Mortgage Loan Officer

Conventional Lending

The secondary market, also called the aftermarket and follow on public offering, is the financial market in which previously issued financial instruments such as stock, bonds, options, and futures are bought and sold. Another frequent usage of "secondary market" is to refer to loans which are sold by a mortgage bank to investors such as Fannie Mae and Freddie Mac.

Secondary Market

The Real Estate Settlement Procedures Act (RESPA) was a law passed by the United States Congress in 1974 and codified as Title 12, Chapter 27 of the United States Code, 12 U.S.C. §§ 2601–2617. The main objective was to protect homeowners by assisting them in becoming better educated while shopping for real estate services, and eliminating kickbacks and referral fees which add unnecessary costs to settlement services. RESPA requires lenders and others involved in mortgage lending to provide borrowers with pertinent and timely disclosures regarding the nature and costs of a real estate settlement process. RESPA was also designed to prohibit potentially abusive practices such as kickbacks and referral fees, the practice of dual tracking, and imposes limitations on the use of escrow accounts.

Real Estate Settlement Procedures Act

Encompass is a mortgage software that streamlines the loan origination process and provides tools for loan officers and lenders to manage their pipelines, compliance, and communications related to mortgage processing. It automates tasks such as credit reports, income verification, and appraisal ordering, while providing features for borrower communication and relationship management. Encompass is designed to enhance loan processing efficiency, accuracy and compliance, and provide access to critical data and analytics.

Encompass (Mortgage Software)

Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms. The terms and conditions of refinancing may vary widely by country, province, or state, based on several economic factors such as inherent risk, projected risk, political stability of a nation, currency stability, banking regulations, borrower's credit worthiness, and credit rating of a nation. In many industrialized nations, a common form of refinancing is for a place of primary residency mortgage.

Refinancing

Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds. For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example.

Location	Median Salary
Canada	$75,136
National	$75,136
Location +/-	0% Higher
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Location	Median Salary
Canada	$75,136
National	$75,136
Location +/-	0% Higher
	Search another salary
	Show me related jobs

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