NH MLO case studies

NH MLO · Put your knowledge to work in context.

The NH MLO credential refers to the New Hampshire state component of mortgage loan originator licensing, delivered through the Nationwide Multistate Licensing System (NMLS). It is intended for individuals who originate residential mortgage loans in or into New Hampshire and who must hold a state MLO license; typically they already satisfy the federal SAFE Act requirements and now need the New Hampshire-specific education and testing component. The NH MLO case studies are 5 cases and about 2,553 words.

Sponsorship Lapse at a Portsmouth Brokerage

Dana is a mortgage loan originator licensed in New Hampshire and sponsored by Coastal Mortgage LLC, a licensed mortgage broker in Portsmouth. On March 3, the New Hampshire Banking Department suspends Coastal's license for failing to file its annual report and pay a 2,500 assessment.

524 words, about 3 min 2

Instagram Rate Ad for a Bedford Loan Officer

Priya is an MLO at a licensed New Hampshire mortgage broker. The post does not name her sponsoring broker or include the broker's NMLS ID.

527 words, about 3 min 3

Foreclosure Rescue or Loan Modification?

A Manchester homeowner is three payments behind on a 248,000 first mortgage. "NH Relief Solutions" advertises "STOP FORECLOSURE - PRINCIPAL REDUCTION GUARANTEED." Its owner, Marcus, is also a New Hampshire-licensed MLO sponsored by a licensed broker.

488 words, about 2 min 4

Lock Confirmation and Fee Creep

A New Hampshire borrower applies to a licensed mortgage broker for a 320,000 rate-and-term refinance of a primary residence. The loan officer quotes 6.25% on a 30-year fixed, says "I'll lock you for 45 days," and collects a 750 application fee plus a 450 "rate-lock" fee.

528 words, about 3 min 5

Owner Financing and the Repeat Investor

A New Hampshire real estate investor owns a duplex in Manchester and sells it to an owner-occupant buyer for $410,000. The buyer puts 10% down and the investor takes back a 30-year note at 8.5%, with a balloon payment in 10 years.

486 words, about 2 min