December 4, 2011
I was reading a few blogs last night and saw some from some “mortgage guys” and I saw a few different titles that intrigued me. 
If you’ve read any BLOGS on the difference between a LICENSED Mortgage Loan Originator and REGISTERED Mortgage Loan Originator than you know that anyone who is writing loans is a MORTGAE LOAN ORIGINATOR. There is no other official title or designation at a National or State level unless they’ve given it to themselves. The Loan Originator will have an MLO # or a NMLSR ID #. The extra R refers to someone who is REGISTERED vs LICENSED. This means that they work for a Federal or State chartered bank or Credit Union. I’ve felt strongly about changing the MLO to LMLO to have the acronym refer to a Licensed Mortgage Loan Originator.
What I still love to see is all the gratuitous titles that these guys give themselves to try to set themselves apart from the crowd. There are the basics we’ve all heard to the cleverest.
Mortgage Originator, Loan Officer, Loan Originator, SENIOR Loan Officer, Mortgage Planner, Mortgage Specialist, Mortgage Consultant, Mortgage Advisor, Senior Mortgage Advisor, Mortgage Banker, Director/FHA Streamline Specialist (that’s my favorite).
Based on this… I’ve decided that I should now have the title of: “Super Special Senior Mortgager Loan Consultant Advisor Guy”.
Can anyone make a BADGE for me?
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[...] If you’ve read any BLOGS on the difference between a LICENSED Mortgage Loan Originator and REGISTERED Mortgage Loan Originator than you know that anyone who is writing loans is a MORTGAE LOAN ORIGINATOR. There is no other official title or designation at a National or State level unless they’ve given it to themselves. The Loan Originator will have an MLO # or a NMLSR ID #. The extra R refers to someone who is REGISTERED vs LICENSED. This means that they work for a Federal or State chartered bank or Credit Union. I’ve felt strongly about changing the MLO to LMLO to have the acronym refer to a Licensed Mortgage Loan Originator.Source: iloanminnesota.com [...]