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| *Loan,banking and credit>>>mortgage loan |
Want is the difference between a loan officer and a mortgage broker? |
Want is the difference between a loan officer and a mortgage broker? A loan officer serves several functions and has various responsibilities. Loan officer provides guideline throughout the mortgage process. He or she will help identify client's needs, select a loan program, complete the application process, offer advice and answer any questions client may have. A mortgage broker is an individual or a company that acts as a bridge between a borrower (client) and lenders, providing each borrower with a program which best suites his or her needs. Whatever the difficult requirements or special requests a client may have, the mortgage broker can find a lender with a program to meet those needs. My company handles both Loan Officer and Mortgage Broker business. Drop me a line at DeanTruong@wlgdirect.com if you are interested in becoming one of the two professions mentioned. The loan officer is typically an employee of the bank that is actually making the loan. The mortgage broker is the guy who 'finds' that bank willing to do the financing. |
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