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Updated almost 3 years ago,
Can a properly licensed mortgage loan originator be sponsored by more than one lender?
I have gotten mixed messages on this. As a properly licensed MLO can I take apps for more than one sponsoring lender in my state(s)?
If so, don't I become a sort of mini-broker: Shopping my apps to my multiple sponsors? For the best price?
Is this allowed? Is it state-specific?
Archie