Real estate agent vs mortgage broker

Differences between real estate agent and mortgage broker duties and responsibilities

Real estate agent example responsibilities.

• Manage all accounting, cash management, budgeting and financing for individual LLC's and for corporate entity.
• Manage extremely complex REO and short sale transactions, coordinating sellers, buyers, and lenders in order to complete them.
• Create ad campaigns via Google ad-words and Facebook.
• Determine whether title transfers are assessable for taxation.
• Learn all phases of real estate ethics, practice and procedures.
• Review and analyze corporate leases, securities offerings, and secure transactions.
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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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