A mortgage broker is a professional who connects mortgage applicants with potential mortgage lenders, but does not actually lend out money or make approval decisions. Many states r...
A mortgage broker acts as an intermediary who brokers mortgage loans on
behalf of individuals or businesses. Traditionally, banks and other lending
A “mortgage broker” is essentially a middleman between the borrower/
homeowner and the bank or mortgage lender.
Federal laws such as the Truth-in-Lending Act, the Fair Housing Act and the Real Estate Settlement Procedures Act, all serve to protect consumers from discrimination, openly fraudulent behavior and deceptive advertising. This means that they need to approach the proces... More »
An intermediary who brings mortgage borrowers and mortgage lenders together,
but does not use its own funds to originate mortgages. A mortgage broker ...
Aug 5, 2015 ... Wholesale lenders fund mortgages acquired through brokers who work outside
of their company. The brokers find customers and take loan ...
Home Page for the National Association of Mortgage Brokers.
Jan 14, 2016 ... A lender is a financial institution that makes loans directly to you. A broker does
not lend money. A broker finds a lender. A broker may work with ...
Nov 28, 2015 ... A mortgage broker can make your mortgage search much easier, but is it really