Mortgage brokers vs. bank loan officers - Fidelity Mortgage Capital

Mortgage Broker vs. Loan Officer

When you're looking to get a mortgage loan, you may work with a loan officer or you may choose to work with a mortgage broker. People often confuse the two job types even though both will glean the same results: a new home. However, it is important to understand the difference between the two types of jobs so you know what to expect from them during the mortgage application process.

A mortgage broker is an individual or firm that acts as an independent agent for both the borrower and the lender of a mortgage loan.

Mortgage brokers are the middle man between you and the lending institution, which can be a bank, trust company, credit union, mortgage corporation, finance company or even an individual private investor. A mortgage broker will analyze your financial situation to determine which lender is the best fit for your loan needs. He or she will submit your mortgage application to one or more lenders in order to sell it, and works with the chosen lender until the loan closes. He or she receives a commission from the borrower if the loan closes.

A loan officer is a representative of a lending institution, such as a bank, who works to sell and process mortgages and other loans originated by their employer. They often have a wide variety of loans types to draw from, but all originate from that specific lender.

Also known as a loan representative or account executive, loan officers represent the borrower to the lending institution and will guide him or her through the selection, processing and closing of mortgage loan. Loan officers can be paid a commission or salary for their services.

Missouri Relocation, St Louis Real Estate, St Charles Real Estate, O'Fallon Mo, Fidelity Bancorp,Fidelity Mortgage Capital, Fidelity, Fidelity Lending, san louis o san bienes raíces de mo de charles, MO Homes For Sale, Home For Sale In St Louis MO, missouri home search, Top Missouri Realtors®, st charles real estate, Best Realtor in St Chalres MO, St Charles Real Estate, St Louis Real Estate, Best Realtor in St Louis MO,St Charles MO Homes For Sale Home Search, St Louis Mo Real Estate, Saint Charles MO Realtors®, Chesterfield MO Real Estate,o fallon home loans, top realtor in st louis st charles, ofallon home loans, St Louis MO REALTORS®,wentzville real estate, top real estate agents in lake st louis, Missouri Home Search, Relocating to St Louis Missouri,Saint Charles MO Homes For Sale, saint louis real estate, top st louis realtor,top st charles realtor, Saint Louis MO Homes For Sale home search, Wildwood Real Estate,Winghaven Homes, Turtle Creek Homes, saint charles missouri schools, bilingual missouri real estate agents, Canvas Cove Homes, Monticello Homes,Manchester ,O'Fallon MO Homes For Sale home search, O Fallon MO Home For Sale home search, Homes For Sale In O Fallon MO, St Charles Mo Homes Real Estate home search,St Louis Homes, Lake St Louis MO Homes, st louis missouri real estate agents, top st louis real estate agent, Missouri Mortgage Companies, St Louis County,find a home in st louis, Homes For Sale In Lake St Louis MO, Wentzville MO Homes For Sale, Missouri Homes For Sale, Homes For Sale In Wentzville Mo, Homes For Sale In Missouri, assit 2 sell,find a home in chesterfield, Chesterfield Mo Homes, Missouri Real Estate, real estate in st louis mo, st peters real estate, lake st louis real estate, 2 Sell St Louis, 2 Sell St Charles, Buying a home in Missouri, mo low commission real estate, Selling a Home In Missouri, Prudential Realtors®, ballwin real estate, Prudential Patterson REALTORS® st Louis Mo, st charles real estate agents,Prudentil Patterson St Charles MO, Prudential Patterson, Chesterfield Real Estate,REALTORS® O Fallon MO,#1 Listing Agent in St Louis, Prudential Patterson Relocation, Ellisville Real Estate,Chesterfield Mo Homes For Sale Home Search, Homes For Sale In Chesterfield Mo, st louis real estate agent, st charles home loans, Ballwin Mo Homes For Sale Home Search, Homes For Sale In Ballwin MO, Ellisville Mo Homes For Sale, Find Homes In St Louis MO, find a home in wentzville,mo discount realtors,Homes For Sale In Ellisville MO, Creve Coeur Mo Homes For Sale, top missouri realtor, Homes For Sale In Creve Coeur Mo, Town and Country Homes For Sale home Search, Homes For Sale In Town and Country MO, Missouri Sellers Agents,Town Country Real Estate ,Missouri Buyers Agents, St Albans MO Homes for Sale Home Search, Homes For Sale In St Albans MO, Wildwood Mo Homes, Homes For Sale In Wildwood MO, St Peters MO, Augusta MO Homes, Augusta Real Estate, New Melle Real Estate,# 1 st charles real estate agent ,Homes For Sale in New Melle MO, Sell My St Louis MO House, Sell My St Charles County home, Top Missouri Realtor,Nationwide Commercail mortgage broker, SBA loans nationwide,Missouri small business loans, nationwide small business loans, nationwide hard money commercial loans, Missouri hard money commercial loans,nationwide business equipment loans, commercial real estate purchase loans, small commercial lines of credit.,Church loans,resorts,hotels,apartment buildings,retail,office,warehouse,restaurant financing. Reverse mortgage specialists, Missouri Reverse mortgage, HECM Reverse mortgage, special HECM Reverse Mortgage Loans, qualify for reverse mortgage,St. Louis reverse mortgage,no payment reverse mortgages, international commercial mortgage loans.