Branch lending officer vs mortgage broker

Differences between branch lending officer and mortgage broker duties and responsibilities

Branch lending officer example responsibilities.

• Manage financial resources from budget, treasury, expenditure commitments, accounting and finance, report from different departments to donors/stakeholders.
• Obtain unique identifier with the NMLS.
• Train in FNMA and FHLMC retention, including producing and production staff.
• Originate and process conventional/VA loans in compliance with FNMA, FHLMC, and non-conforming investor guidelines.
• Review and evaluate both credit packages and appraisal to determine credit worthiness and compliance to FHA guidelines.
• Maximize margin by upselling customers.
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Mortgage broker example responsibilities.

• Educate clients on mortgage contractual guidelines and process FHA, VA, and conventional loans reviewing files for submission to underwriting.
• Foster deeper client relationships with commercial and residential lenders driving referrals by delivering excellent customer service.
• Originate residential conventional, VA, home equity, commercial and construction loans.
• Establish a network of contacts with community banks, appraisers, lenders, and other brokers.
• Originate, process, and submit all types of commercial and SBA loans to the applicable lender.
• Develop business plan, raise investment capital, create business processes, and obtain licensing, VA certification, HUD approval.
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