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What Is A Mortgage Consultant, Advisor, or Loan Officer?

22 Sep 2020

When purchasing property individuals often take out a mortgage to finance a home purchase. Mortgage consultants (who can also be known as Mortgage Advisors or Loan Officers) help guide the buyer through that process and make expert recommendations based on their experience. Oftentimes they work on behalf of the customer to help them with the mortgage application process as well as help fulfill the mortgage requirements. Given the number of mortgage types and the variables that apply to a home purchase, finding a consultant or agent that can help act as a liaison for the customer helps immensely.

In addition to being able to determine the best path for a mortgage based on individual circumstances and financial resources, a mortgage consultant also works with lenders, real estate agents, escrow and title companies and Appraisal Management firms. By ensuring that the client is aware of every mortgage and financing option available, a mortgage consultant can help the customer make the most informed decision about their investment and the impact on their finances. In addition to outlining common questions like repayments and impounds, a reliable mortgage expert stays up to date with the latest news, products, and legislation.

Many mortgage consultants are self-employed, acting as independent mortgage advisers or mortgage brokers. In general, a self-employed Pasadena mortgage consultant would be considered the most experienced, being able to handle all parts of the mortgage process as well as perform the actions necessary to continually accrue and close a pipeline of mortgages. As a result, mortgage consultants can often operate under their own sole proprietorship or partnership to have full control over their practice and the loan process, delivering a superior experience to the customer.

What Is A Mortgage Consultant, Advisor, or Loan Officer?
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What Is A Mortgage Consultant, Advisor, or Loan Officer?
Looking to become a first time home buyer but not sure where to start? SMPL is a Pasadena mortgage advisor and loan officer that can help you get started.
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SMPL Mortgage
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C2 Financial | SMPL Mortgage | Mortgage Lenders | Pasadena