Mortgage Broker – The matchmaker between a homebuyer and a lender with the goal of them originating a mortgage loan. The broker draws from a pool of various lenders to find the right match.

October 10, 2006 — Leave a comment

Mortgage Broker – The matchmaker between a homebuyer and a lender with the goal of them originating a mortgage loan. The broker draws from a pool of various lenders to find the right match.

Notes:

Do not confuse a mortgage broker with a mortgage banker. A mortgage broker brings together both the parties of a loan but does not actually originate or service the loan, while a mortgage banker originates and services the loan.See also: Conventional Mortgage, Fannie Mae, Ginnie Mae, Loan, Mortgage, Mortgage Banker, Origination Sources=Sources | 131072
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