Loan officers source and originate mortgage loans, they collect your information and your documents and submit your mortgage loan to a team of processors and underwriters, loan officers do not have the authority to approve your loan.

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Mortgage servicers either originate their own loans or buy loan-servicing rights to them.

FORBES: Magazine Article

"If a mortgage loan can be modified during bankruptcy, it will be far more difficult to originate or sell mortgages in the secondary market, " says a Dec. 4 letter from the Securities Industry and Financial Markets Association to the Senate's Judiciary Committee.

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