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CLO Computerized Loan Origination
Real Estate Investing Definition

The definition of CLO Computerized Loan Origination is:

A computer network of major lenders that allows agents to initiate mortgage applications in their office. HUD has approved the procedure as long as full disclosure is made of the fee multiple lenders are displayed on the computer screen to give borrowers a basis for comparison and the fee charged is a dollar amount rather than a percentage of the loan.

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