Direct Mortgage Group

Mortgage Broker

A mortgage broker , sometimes called a loan officer is a licensed professional who gathers and processes paperwork associated with mortgaging real estate . A loan officer acts as the conduit between buyer and lender.

Tasks of Loan officer:

• Marketing to attract clients,
• Taking an application (form 1003),
• Gathering all needed documents ( paystubs , bank statements , etc.),
• Walking the clients through legal disclosures,
• Pulling and studying the clients tri-merge credit report,
• Shopping for a loan product that fits the clients needs,
• Processing the loan (This may be performed by a Processor),
• Submitting all material to the lender and to an escrow company