Mortgage broker

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

The term broker generally applies to those who are licensed as a broker. However, many mortgage loan officers who are not licensed as a broker also call themselves mortgage brokers.

Brokers are typically able to offer the widest array of mortgage products. Most mortgage bankers are limited in their programs.

One of the many benefits of using a Mortgage broker is the wide array of products that brokers have access to.

Choosing a mortgage broker to provide your home loan is very important. First find one that is knowledgeable and trustworthy and then begin talking about rate and fees.