Loan officers work for a single lender like a bank or credit union, while a mortgage broker is independent and works with many different lenders and institutions. Skip to content.

Mortgage loan officers work for a particular bank or financial institution. Mortgage brokers can shop for the best deals at multiple lenders. Both loan officers and brokers may have their own ...

Loan officers work for companies such as banks, credit unions or online direct lenders that lend borrowers money to buy and refinance homes.

What does a mortgage loan officer do? A mortgage loan officer is someone who works for a mortgage lender such as a bank or credit union and facilitates the mortgage process. Freida Curry-Terry ...

Step 2: Complete mortgage loan officer prelicensing education. After registration, it’s time to head back to school and knock out your prelicensing coursework.

Loan Officers made a median salary of $69,990 in 2023. The best-paid 25% made $100,020 that year, while the lowest-paid 25% made $49,130. Salary Outlook. X is Year and Y is Mean Salary.