From Sterwiki
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
Source: Wikipedia.org