What term describes someone who arranges loans by taking applications and searching for lenders?

The term that best describes someone who arranges loans by taking applications and searching for lenders is a mortgage loan originator. This professional plays a crucial role in the lending process by acting as an intermediary between borrowers and lenders. They help applicants understand the different mortgage options available to them and guide them through the application process.

Mortgage loan originators are responsible for assessing the financial situation of potential borrowers, which includes evaluating credit histories and determining how much a borrower can afford. They also educate clients on loan products and rates, assisting them in finding the most suitable financing for their real estate needs.

In contrast, a real estate agent focuses primarily on buying and selling properties rather than arranging financing. An underwriter evaluates the risk of lending to a borrower, primarily concerned with evaluating the loan application after it has been submitted. A loan processor works on the administrative side, preparing, organizing, and verifying the loan documents required for underwriting but does not actively seek out lenders or applications. This distinction clarifies why the mortgage loan originator is the correct term for someone engaged in arranging loans.