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A mortgage broker works on your behalf to find mortgage lenders with competitive rates. A mortgage broker manages the process for you by applying for loans with different lenders, finding.
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Mortgage Broker Definition – A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together, but does not use their own funds to originate mortgages. A mortgage broker helps a.
A mortgage broker doesn’t represent one institution, but works with many to shop for a loan for a specific individual. The banker is a direct lender. The broker is a middleman between you and the lender. The jobs are similar and the federal Bureau of Labor Statistics lists both as "loan officers" with similar functions and pay.
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