Mortgage Broker

# An individual or company that for a fee acts as an intermediary between borrowers and lenders.

# a firm that originates and processes loans for a number of lenders.

# A broker arranges financing for borrowers with a variety of lenders. A mortgage broker does not make the loan, but receives payments for its services.

# As do mortgage bankers, takes loan application and processes the necessary paperwork. Unlike a mortgage banker, brokers do not fund the loan with their own money, but work on behalf of several investors, such as mortgage bankers, S and L's, banks, or investment bankers.

# A company that receives payment from a lender for matching the lender with borrowers who meet the lender's criteria.

# One who, for a fee, brings together a borrower and a lender.

# One who, for a fee, brings together a borrower and lender, and handles the necessary applications for the borrower to obtain a loan against real property by giving a mortgage or deed of trust as security. Also called a loan broker.

# An individual or company that obtains mortgages for others by finding lending institutions, insurance companies or private sources to lend the money. The mortgage broker may also handle collections and disbursements.

# A middleman who serves to bring borrowers together with lenders. Offers the service of doing the shopping for the borrower while often collecting a fee from the chosen lender rather than from the borrower.

# A company that for a fee matches borrowers with lenders.

# An individual who is in the business of assisting in the arranging of funding for clients with lenders. The broker does not loan the money directly.

# A person or company having contacts with financial institutions or individuals wishing to invest in mortgages. The mortgagor pays the broker a fee for arranging the mortgage. Appraisal and legal services may or may not be included in the fee.

# An individual or company that brings borrowers and lenders together for the purpose of loan origination. Mortgage brokers typically require a fee or a commission for their services.

# a firm or individual who brings the borrower and lender together, receiving a commission if a sale results.

# A broker who represents numerous lenders and helps consumers find affordable mortgages, the broker charges a fee only if the consumer finds a loan.

# (mortgage term) Independent, third party broker who arranges transactions between borrowers and lenders by streamlining the application and approval process and finding favorable terms for the buyer.

# A person who matches buyers with lenders.

# A person who brings the borrowers and lenders together and in return is paid a fee for doing so. Some lenders do not deal directly with borrowers, they only go through mortgage brokers.

# a qualified person who buys wholesale mortgages from lenders and mark their price up to sale them to buyers that prefer to get professional help rather than shop around by themselves.

# A person or company that buys and sells mortgages for another on commission or who arranges for and negotiates mortgage contracts.

# Person or firm who functions as intermediary between borrower and lender in securing loans, or places loans with investors.

# An individual or firm that matches borrowers with lenders but does not originate or service mortgages. Brokers, who work with a variety of financiers, are charged with finding the best deal for the borrower.

# Trained professionals with a wealth of knowledge and experience to find the mortgage that best suits your needs, at the best rate available, from a large selection of lenders that include most major banks, trust companies, credit unions. A mortgage broker works for you, not for the lender. Many financial institutions pay finders fees to mortgage brokers who refer business to them making it possible for you to get the best mortgage product at no cost to you.

# A person or organisation offering to organise or broker loans from a group of lenders.

# A company that for a fee matches borrowers with lenders. Mortgage insurance premium (MIP). The fee paid by a borrower to FHA or private mortgage insurer for mortgage insurance.

# A mortgage broker, sometimes called a loan officer is a licensed professional who gathers and processes paperwork associated with mortgaging real estate. A loan officer acts as the conduit between buyer and lender.