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MLO chapter 1 Question and answers already passed latest version
MLO chapter 1 Question and answers already passed latest version 
 
Mortgage Banker - correct answer originates, sells, services loans. acts as originator of loan 
 
Mortgage Broker - correct answer for fee, places loans with investor. does not service loans 
 
Mortgage Loan Originator - correct answer takes residential loan application and negotiates residential loan terms for compensation/gain 
 
Primary Market - correct answer Lenders make loans directly to borrowers 
 
Secondary Mar...