Loan officers work for a single lender like a bank or credit union, while a mortgage broker is independent and works with many different lenders and institutions.

Mortgage brokers connect borrowers with lenders. They are typically paid 1% to 2% of the loan amount by either the borrower ...

It provides consumers with a method of checking their background and licensing information. MLO is short for mortgage loan originator, and it describes an individual or company that is paid to ...