From: "Don" 
Newsgroups: alt.building.finance alt.building.realestate alt.invest.real-estate alt.realtor.relocation misc.invest.real-estate realtynet.invest
Subject: Re: Is a Mortgage Broker the same as a Loan Officer?
Date: Sun, 01 Jan 2006 03:15:50 GMT

"CalNeva"  wrote in message 
news:xBHtf.60274$tV6.49147@newssvr27.news.prodigy.net...

> 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.

That is not my understanding.  A loan officer is an employee of a lending 
institution such as a bank or insurance company whose job is to process 
applications for mortgage loans and make a decision regarding acceptance or 
rejection. A mortgage broker is an agent whose job is to shop around among 
various lenders on behalf of a client and obtain a suitable mortgage for 
that client. For a lot of useful information about mortgages, brokers, etc., 
go to this site:  http://www.mtgprofessor.com/