What is a mortgage loan officer?
U.S. News & World Report: Greg Harmon, assistant professor of banking and finance at Weatherhead School of Management, discussed the difference between mortgage brokers and loan officers. They both can be mortgage loan originators, meaning they can help you through the mortgage process, but they are not the same, Harmon said: “The major difference is a mortgage broker doesn’t work for a single lending institution. A broker works for a mortgage brokerage and is able to offer loans from multiple lenders, just like an insurance broker can offer multiple insurers’ products.”