What is an RLO?

USALM’s RLO program was inspired by the growing number of Real Estate Agents who enrolled in USALM’s loan officer training program, also worked as Mortgage Loan Officers, and gave out a dual disclosure to their clients. Thus was born the term R.L.O. or Real Estate Loan Officer.

An RLO is a part time USALM loan officer who works in an industry which naturally and regularly networks them to mortgage applicants for purchases, refinances and credit lines. The RLO responsibilities are taken on in addition to their regular job as a realtor, accountant or attorney and should have no impact on your ability to perform your regular job. The RLO works hand in hand with their USALM manager, and acts on behalf of the client as their loan officer, allowing the RLO to make substantial commissions. We understand that the RLO may not begin the mortgage career with ample knowledge so each RLO is invited to work closely with their manager to best serve their client’s needs. In some circumstances RLO’s are required to fill out dual agency disclosure explaining the nature of the relationship and potential conflicts of interest to clients. Please consult your employer before applying to ensure that becoming an RLO does not violate your employment agreement.