What Is a Mortgage Broker (November 2022)

A mortgage broker is a middleman who connects mortgage

lenders and borrowers, but who does not use their own

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money to start new mortgages. A mortgage broker facilitates

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communication between borrowers and lenders and looks for the loan

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that best suits their demands in terms of interest rate and

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financial status. Additionally, the mortgage broker

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collects documentation from the borrower and provides

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it to a mortgage lender for underwriting and approval.

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