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| *Loan,banking and credit>>>mortgage loan |
What is the difference between a loan officer and a mortgage broker? |
What is the difference between a loan officer and a mortgage broker? A loan officer needs no license, they are working as sales people for the mortgage broker. A mortgage broker is a person licensed by the state. Actually both a loan officer and broker need to have a license. A broker has been a loan officer for a set number of years then took the test to get his brokers license. A broker is in charge of all the loan officers in his company, and assists them with their loans if needed. I am the owner of ASK Financial Services in Saint George, UT. keith.ader@westgatedirect.com |
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