Mortgage originators are responsible for connecting borrowers with the right type of loan that fulfills their particular needs. The originator will review and assess the borrower’s financial situation and suggest the best loan products or options that are available. Additionally, they will provide helpful information and resources to the borrower so they can make the most informed decisions when applying for a mortgage loan.

Mortgage originators can be either individuals or institutions. Mortgage brokers act as independent intermediaries to help borrowers find the best loan and terms for their mortgage. Brokers are paid a commission for their efforts and can be conveniently found online, through loan officers, and from referral sources. Mortgage bankers are lenders who underwrite and approve mortgage loans on behalf of the lender. Retail banks are traditional brick-and-mortar banks and lend directly to borrowers.

The originator's job is to submit loan packages to the underwriter. The underwriter is the professional responsible for getting the loan information, verifying it and recommending it for approval or denial. Mortgage originators have to be compliant with the rules and regulations set by the governments, as well as the lender's internal policies. Therefore, they must take all precautions to ensure the loan complies with all necessary regulations.

The role of a mortgage originator is integral in the home loan process. Mortgage originators work directly with borrowers to understand their financial situation and provide the best loan option. Originators strive to protect the financial interests of the borrower while representing the lender in the transaction. Mortgage originators are the gatekeepers between borrowers and their mortgage loan, safely guiding their client through the mortgage loan application and approval process.