What is the difference between a loan consultant and a mortgage loan officer?

A loan consultant is generally just another job title for a mortgage loan officer, not a separate licensed role. According to Bankrate, some institutions also call these employees advisors or specialists. What matters is the work, not the title: under the Secure and Fair Enforcement for Mortgage Licensing (SAFE) Act, any individual who takes residential mortgage loan applications or offers or negotiates loan terms for compensation must be licensed or registered.

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