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Residential Mortgage Loan Originators | TEXAS OFFICE of. – Overview An individual who takes a residential mortgage loan application and offers or negotiates terms of a residential mortgage loan for compensation or gain is considered a RMLO. In Texas, there are two (2) agencies who issue Mortgage Loan Originator licenses TX-SML TX-OCCC Which one of the above you should apply with depends on the types of loans you will be originating.
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How to Become a Loan Broker – Loan brokers mainly handle residential or commercial real estate loans, representing people or businesses. Although not formally required to become a loan broker or loan officer. federal law as of.
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