MLO
Business & Finance abbreviation · Real Estate & Mortgage
| Stands for | Mortgage loan originator |
|---|---|
| Categories | Business & Finance |
MLO stands for Mortgage loan originator, a real estate & mortgage abbreviation.
Person who takes mortgage applications or offers and negotiates loan terms for compensation, such as a loan officer at a bank, credit union or mortgage company.
Example: Your MLO will lock the rate once the appraisal comes back.
Usage notes
The SAFE Act of 2008 requires MLOs to be licensed by states or, at federally regulated banks, registered, and every MLO receives a unique NMLS identification number that must appear on loan documents and advertisements.
Related abbreviations
More real estate & mortgage abbreviations
- LPMI – Lender-paid mortgage insurance
- LR – Living room
- LTV – Loan-to-value ratio
- LVP – Luxury vinyl plank
- MBR – Master bedroom
- MIP – Mortgage insurance premium
- MLS – Multiple listing service
- NMLS – Nationwide Multistate Licensing System
- NN – Double net lease
- NNN – Triple net lease
- NOD – Notice of default
- NOI – Net operating income