What is the difference between a loan officer and a mortgage consultant/originator?
Question : What is the difference between a loan officer and a mortgage consultant/originator?
In job tasks and in salary/commission.
Is there a difference? Or just it just 2 terms that describe the same postion ( generally)
mortgage consultant
Best answer:
Answer by mazziatplay
They are exactly the same job description and compensation (generally)
Nothing.
Loan Officer, Home Loan Consultant, Mortgage Consultant, Mortgage Originator…all the same.
It is the EXACT same position.
Legally…the only term that is recognized is Loan Officer, and that is the term used by the state Banking Commission and how the laws are written.