Compliance of Mortgage Loan Application August 19th, 2008 The major states of United States of America like Florida and Alabama are hugely populated and everyone there wants its own house in the city. Previously, it was very difficult to take a mortgage loan from any bank or from any financial institution but nowadays everything becomes so simple that you only have to complete mortgage loan docs and after that all processing is done by the financial institution or by bank. Many financial inst The mortgage loan itself is made by a bank, a savings and loan association, a mortgage company, a credit union, or any other lender. For it to become an FHA mortgage loan, the lender would have to be approved by the Federal Housing Administration.