From Sterwiki

A mortgage broker, sometimes called a loan officer is a licensed professional who gathers and processes paperwork associated with mortgaging real estate. A loan officer acts as the conduit between buyer and lender.

Tasks of Loan officer:

• Marketing to attract clients,
  
• Taking an application (form 1003),
  
• Gathering all needed documents (paystubs, bank statements, etc.),
  
• Walking the clients through legal disclosures,
  
• Pulling and studying the clients tri-merge credit report,
  
• Shopping for a loan product that fits the clients needs,
  
• Processing the loan (This may be performed by a Processor),
  
• Submitting all material to the lender and to an escrow company