WHAT'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 offi cer"
and "mortgage broker." These professionals play similar roles, but are fundamentally diff erent:
• A LOAN OFFICER is an individual who works directly for a bank or credit union and off ers 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 diff erent sources and enter into mortgage contracts with various lenders.
