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Meet Bill Rapp

NMLS ID # NMLS # 228246

William Rapp, based in Houston, TX, US, is currently a Capital Advisor at Medallion Funds, bringing experience from previous roles at eXp Commercial, NEXA Mortgage, Viking Enterprise LLC and Sun Realty - Houston. William Rapp holds a 1997 - 2001 BBA in Finance @ Texas A&M University. With a robust skill set that includes REO, Sellers, SFR, FHA financing, Reverse Mortgages and more, William Rapp contributes valuable insights to the industry.

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Great experience purchasing our first home! Bill was easy to reach and always able to answer any questions or concerns.

27185 Astoria Brook Ln, Katy, TX 77494, USA

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🏦 Mortgage Broker vs. Loan Officer 🤝 | Who Should You Work With?

🕵️ Loan Officer vs. Mortgage Broker 🏡 | What’s the Difference & Why It Matters

Bill Rapp, Commercial Mortgage Broker

July 21, 2025•2 min read

🕵️ Loan Officer vs. Mortgage Broker 🏡 | What’s the Difference & Why It Matters

🏦 Mortgage Broker vs. Loan Officer 🤝 | Who Should You Work With?

🕵️ Loan Officer vs. Mortgage Broker: What’s the Difference?

When you're shopping for a home loan, the terms “loan officer” and “mortgage broker” often get thrown around—but they’re not the same. Understanding the difference could save you time, money, and stress.

What Is a Loan Officer?

A loan officer typically works for a specific bank, credit union, or direct lender. Their job is to help borrowers qualify for the loan programs offered by their employer. Think of them as brand reps—they can offer great service, but they’re limited to that one institution’s products.

Pros of a Loan Officer:

· Familiarity with internal lending products

· Streamlined internal processing

· Incentives for loyal bank customers

Cons of a Loan Officer:

· Limited loan options

· Can’t shop rates across lenders

· Often stricter qualification requirements

What Is a Mortgage Broker?

A mortgage broker is an independent licensed professional who shops multiple lenders on your behalf. Instead of being tied to one bank’s rules, a broker works for YOU to find the best loan based on your credit profile, income, and property goals.

Pros of a Mortgage Broker:

· Access to dozens of lenders & programs

· Competitive rate shopping

· More flexibility for self-employed, doctors, and investors

· Specialized loan products like bank statement, DSCR, and renovation loans

Cons of a Mortgage Broker:

· Broker fees (though often offset by lower rates)

· Varies by experience and lender network

Which One Is Better for You?

If you have perfect credit and a strong W-2 income, a loan officer at your bank might work just fine. But if you want options, flexibility, and someone who can fight for the best deal, a mortgage broker is your best ally—especially in today’s complex market.

At Medallion Mortgage, we help borrowers across Texas and the U.S. compare loan programs, secure competitive rates, and close deals faster. Whether you're a first-time buyer, investor, or doctor—we shop so you don’t have to.

👉 Schedule your strategy call today at https://billrapponline.com
📞 Or call us directly at 281-222-0433

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Bill Rapp - Commercial & Residential Mortgage Broker

Whether you're a first-time homebuyer, a seasoned investor, or a business owner with ambitious plans, securing the right financing is crucial. At Medallion Funds, we take the guesswork out of mortgages, offering a comprehensive suite of residential and commercial loan options to fit your unique needs. Looking for Your Dream Home? We understand the excitement and challenges of navigating the residential real estate market. Our experienced mortgage brokers will guide you through every step, from pre-qualification to closing. We offer a variety of loan programs to suit your financial situation, including: • Fixed-rate mortgages: Offering stability with predictable monthly payments. • Adjustable-rate mortgages (ARMs): Providing competitive rates for a set period. • FHA loans: Making homeownership accessible with lower down payments. • VA loans: Rewarding veterans with attractive rates and flexible terms. Investing in Your Business Future? Growth often requires capital, and we can help you unlock the potential of your commercial property. Our brokers specialize in a wide range of commercial loan options, including: • Purchase loans: Financing the acquisition of new buildings or land. • Construction loans: Facilitating the development of your project. • Refinance loans: Restructuring your existing mortgage for better terms. • SBA loans: Providing access to government-backed financing for qualified businesses. The Medallion Funds Difference: We go beyond simply finding a loan. We take the time to understand your goals and develop a personalized strategy. Here's what sets us apart: • Expertise: Our brokers have a deep understanding of both residential and commercial lending. • Competitive Rates: We leverage our strong lender relationships to secure the best possible terms. • Streamlined Process: We handle the paperwork, keeping you informed every step of the way. • Exceptional Service: We're committed to providing you with a positive and stress-free experience. Ready to Take the First Step? Contact Medallion Funds today for a free consultation. Let's discuss your financing needs and help you achieve your dreams!

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Licensed to Do Business | NMLS # 228246

This is not an offer to enter into an agreement. Not all customers will qualify. Information, rates and programs are subject to change without notice. All products are subject to credit and property approval. Other restrictions and limitations may apply. Copyright © 2021 | Medallion Funds

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Corporate Address : 2651 N. Green Valley Pkwy STE. 101 Henderson, NV 89014

Corporate NMLS NMLS # 1825831 | Company Website: https://medallionfunds.com/bill-rapp/

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