Welcome, Unregistered.
You last visited: Today at 10:20 AM




 

Members: 8,786
Threads: 3,459
Posts: 7,796
Online: 528

Newest Member: Stacey E


Go Back   Free Foreclosure Help - Loan Modification Help - Help Stop Forec > Stop Foreclosure - Promote your business - requires 30 posts in other sections in order to Post > Find a Mortgage Broker

Reply
 
LinkBack Thread Tools Display Modes
  #1 (permalink)  
Old 07-18-2007, 04:49 AM
Junior Member
 
Join Date: Jul 2007
Posts: 1
Default want is the difference between a loan officer and a

mortgage broker?
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Sponsored Links
  #2 (permalink)  
Old 07-18-2007, 04:55 AM
Junior Member
 
Join Date: Jul 2007
Posts: 1
Default

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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
  #3 (permalink)  
Old 07-18-2007, 04:56 AM
Junior Member
 
Join Date: Jul 2007
Posts: 1
Default

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.
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!
Reply


Thread Tools
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



All times are GMT -4. The time now is 10:20 AM.

Powered by vBulletin® Version 3.6.7
Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Free Foreclosure Help
A vBSkinworks Design