Is a Mortgage Broker the same as a Loan Officer?
Is a Mortgage Broker the same as a Loan Officer? I hear them being used
synonymously. Is there a difference
- A mortgage broker is a loan officer but a loan officer may not be a broker.
A loan officer works for a mortgage broker in many states. But, you are
right they are often used interchangeably.
- The licensed broker owns the business and has