The light finally went off...
for each "section" I need to cross apply it to do what I want.
Example below:
SELECT
x.value('UnparsedName[1]', 'VARCHAR(20)') as Name
,l.value('@BusinessType', 'varchar(20)') as BusinessType
,CAST(CONVERT(varchar(20),l.query('HighBalanceAmount/text()')) as money) as HighBalanceAmount
FROM ScreeningXML myXML
CROSS APPLY xmlNode.nodes('/MORTGAGEDATA/BORROWER') E(x)
CROSS APPLY xmlNode.nodes('/MORTGAGEDATA/CREDITREPORT/MERGEDLIABILITY') M(l)