A mortgage advisor, also known as a loan officer, is a professional who provides guidance and advice to individuals seeking to obtain a mortgage. They typically work for a lender and may be compensated through commissions paid by the borrower or lender. A mortgage broker, also referred to as a loan officer, acts as an intermediary between the borrower and multiple lenders to find the best mortgage product for their clients. They may charge a fee for their services, which is typically a percentage of the loan amount. A home loan consultant is a professional who provides mortgage guidance and advice without charging a fee. Instead, they are compensated by the lender for bringing them business. This can be beneficial for borrowers who want to avoid upfront costs, but it's important to note that the lender may offer a higher interest rate or other costs to compensate for the lack of fees.