What is the term for someone who arranges loans after taking mortgage applications?

The term for someone who arranges loans after taking mortgage applications is a mortgage loan originator. This role encompasses individuals who work directly with borrowers to guide them through the loan process, which includes taking applications, assessing the borrower's financial situation, and helping to match them with suitable loan products. Mortgage loan originators are crucial in facilitating the flow of information between applicants and lenders, effectively acting as the intermediary in the mortgage lending process.

While loan officers often handle similar responsibilities, the term "mortgage loan originator" is more specific and is used in regulatory contexts, emphasizing the individual's role in originating mortgages. Real estate agents primarily focus on property sales and do not specialize in financing options, and underwriters assess the risk of lending to a borrower but do not take applications or arrange loans directly. The precise definition of mortgage loan originators includes licensing and compliance with financial regulations, further distinguishing this role in the real estate and finance sectors.