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Dana is assigned to create a training program for newly hired mortgage loan officers. She has the ____ to complete this assignment.

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Dana is assigned to create a training program for newly hired mortgage loan officers. She has the "responsibility" to complete this assignment.

What is mortgage loan?

A mortgage loan is a secured loan that enables you to access money by giving the lender collateral in the form of an immovable asset, like a home or commercial property.

The main difference between the loan and mortgage loan is-

  • Any financial arrangement where one party receives a lump sum and agrees to repay the money is referred to as a "loan."
  • A mortgage is a specific kind of loan used to fund real estate. Although a specific kind of loan, not all loans are mortgages. Loans that are "secured" are mortgages.

To know more about the mortgage, here

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