Mortgage Lending Roles

Mortgage lending has its own vocabulary that can be confusing for buyers, especially first time home buyers researching how to get a good mortgage loan. People often ask how to compare mortgage brokers vs. mortgage consultants — what’s the difference? And how should I start my loan search?

Choosing the right person with the right role to guide you through the loan process gets you on the right path for the result you want.

Mortgage Broker

A mortgage broker is a loan officer whose job is to guide you to a specific, loan product offered by the bank or financial institution with which they are associated. They are an employee of the bank or are contracted with a specific, limited suite of lenders.

Independent Mortgage Consultant

By contrast, an independent mortgage consultant is not beholden to any lending institution. There are a number of benefits in working with an independent mortgage specialist like myself.

  • I have access to 100s of loan products from scores of lending institutions.
  • I can help you find the most financially advantageous financing instrument that meets your needs.
  • I am invested in helping you create the most appealing financial picture in order for you to qualify to for the loan amount you wish to obtain.
  • I can work with you on improving your credit, or otherwise shifting loan products and/or capitalizing on current assets, in order to meet your goals.

Independent does not mean unregulated.

I am a licensed real estate professional and am governed by the California Department of Real Estate (DRE) as well as the Consumer Finance Protection Bureau via my National Mortgage License.

Fiduciary Responsibility

As a licensed mortgage specialist in California, I have a fiduciary obligation to help you to the best of my abilities to get a great rate.

A bank does not have this responsibility and can choose to lend or no