If you enter application information into an automated underwriting system and lack the authority to approve a loan, you are considered to be a?

In the context of mortgage lending, if you enter application information into an automated underwriting system but do not have the authority to approve a loan, you are considered a mortgage loan originator. A mortgage loan originator is responsible for gathering the necessary information from borrowers and submitting it to the underwriting system, but they typically do not make final decisions on loan approval. They act as an intermediary between the borrower and the lender, providing critical data that the underwriting system uses to assess the loan application.

The role of a mortgage loan originator focuses on the initial stages of the lending process, including collecting personal financial information and guiding clients through the application. Their primary responsibility lies in building relationships with clients and facilitating the loan process rather than making the final lending decision.

In contrast, a loan underwriter is specifically tasked with analyzing and approving or denying loan applications based on the information provided and relevant lending criteria. An independent contractor is a broader classification that may refer to someone who works independently in various capacities but does not inherently relate to the loan approval process. Similarly, a clerk typically handles administrative tasks and is not involved in the decision-making aspects of mortgage lending.