Is a loan officer at a bank a “salesman”?
Meaning, do they get rewards for getting your mortgage and should you withhold your trust the way you would with a car salesman?
I’m not talking about a storefront loan operation, but a loan officer at a large commercial bank.
To clarify a bit – I met with a loan officer at my bank to discuss pre-approval for a mortgage as a first time home buyer. He was friendly and engaging and the preliminary numbers that he ran for me were very encouraging. Should I be wary of him, the way I would any salesman, or should I be happy that the loan officer at my bank is a nice and helpful guy?