Mortgage Broker, OPeration Manager?

Question

Im not sure who is a mortgage broker, but what are the rules of a Operation Manager? if a loan officer messes up a file and the operation manager does not catch it, who gets in trouble? the loan officer or the operations manager? also what other stuff does the operation manager need to know?

Answer 1

The underwriter. Their job is to ensure that all requirements are met.

Mortgage brokers have nothing to do with the approval process, they match up prospective borrowers and lenders, that's all.