W H AT'S
WHAT?
L O A N O F F I C E R S V S . M O R T G A G E B R O K E R S
If you've started researching the home-buying process, you've probably heard the
terms "loan officer" and "mortgage broker." These professionals play similar roles,
but are fundamentally different:
• A LOAN OFFICER is an individual who works directly for a bank or credit union
and offers loans from the financial institution that employs them.
• A MORTGAGE BROKER is not associated with a particular bank or credit union.
Instead, they research loans from a number of different sources and enter into
mortgage contracts with various lenders.
