Realtor vs mortgage broker

Differences between realtor and mortgage broker duties and responsibilities

Realtor example responsibilities.

• Process funds and manage accounts through QuickBooks.
• Manage scheduling and develop computer reports and MLS listings, create PowerPoint presentations, marketing materials and handle advertising.
• Place and remove signs & lockboxes.
• Make entries into QuickBooks; reconcile monthly bank statements.
• Install yard signs, directional signs and lockboxes on each listing.
• Coordinate social media advertisements by posting updates to Facebook, LinkedIn, and Pinterest accounts.
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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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