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.
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