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| *Loan,banking and credit>>>mortgage loan |
Whats the difference in experience between a loan officer and a mortgage consultant? |
Whats the difference in experience between a loan officer and a mortgage consultant? In some cases, it would be NO difference, as I see many loan officers call themselves different things to make themselves stand out, such as Loan Professional, Loan Consultant, Senior Lending Partner, Loan Analyst, etc.. The previous post proves, a "title" can create the illusion of being something more than one is. You have to make the determination of whether the person will meet your needs. Beware of "titles", they mean nothing in many cases~~~~. The key is what are you looking for? If you need a loan, then ask what their knowledge is, as it relates to your needs. a true consultant will "counsel" you on your current financial situation, and help you determine the best loan and loan amount, but so would a good loan officer. Find someone you can trust and who shows real interest in helping you obtain your goal. Source(s): In the business The term "loan officer" implies that the individual works for a bank. A mortgage consultant sounds more like an independant person. You could however use the terms to describe the same thing. However, none of this would indicate the level of experience of either one. The only way to know is to ask them. |
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