A person (not an employee of a lender) who brings a borrower and a lender together to obtain a federally-related mortgage loan. A mortgage broker has access to a variety of lenders and often offers the most choice in loan programs. Mortgage brokers are paid a fee by the borrower or the lender when a loan closes.

A independent company or individual that originates but does not fund mortgages. A mortgage broker arranges mortgages with a variety of institutions with which they have pre-established relationships.

An entity who for a commission, matches borrowers and lenders.

An individual or firm that arranges mortgage loans on behalf of borrowers.

A firm that, for a fee, matches mortgage borrowers with lenders.

An individual or company that works with a group of lenders and can arrange financing for you.

A PERSON WHO, FOR REMUNERATION, NEGOTIATES FOR OTHER PARTIES, THE BUYING, SELLING, OR ARRANGING OF A MORTGAGE ON A PARTICULAR PIECE OF PROPERTY.

Person who operates on behalf of a borrower to obtain finance from a variety of lending institutions

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.

a company that for a fee matches borrowers with Mortgage Bankers.

A company for a fee matches borrowers with lenders. Also called a third party originator.

A person or company who arranges finance for individuals, usually from a group of lenders.

a company or private lender who offers home loans using its own funds, and on its own behalf.A mortgage broker can usually resell the mortgages for profits to other lenders.

A company or individual that matches borrowers with lenders for a fee.

this is a person that brings borrowers and lenders together. Usually the broker will take the initial application from the borrower and then shop the borrowers application for a loan around to a number of different lenders in order to get the best rate.

An individual or company that acts as a “go-between” for borrowers and lenders for a fee.

A person or company that originates home loans and sells that mortgage to any one of a number of mortgage lenders. the mortgage broker has the ability to find the best rate and/or program among the many sources available to him. He is usually compensated by the lender whom he places the loan with. there is no extra fees paid by the borrower for this service.

An entity that arranges loans for borrowers.

A company or individual for a fee, takes the application from the borrower and will either process the loan or refer the loan to a lender to process, close, fund and service the loan.

A company that brings together a borrower and a lender. The broker processes the necessary documentation and applications for the borrower to obtain a loan against real property.

Brokers help buyers find a mortgage with one of several lenders they represent.

An independent contractor who offers the loan products of different lenders. A mortgage broker is an agent for lenders in much the same way that an insurance broker is an agent for insurance companies. Mortgage brokers act as agents for banks, trust companies, credit unions, mortgage corporations, finance companies and individual private investors. Some mortgage brokers are exclusively lenders of their own money and provide a direct source of mortgage funds.

A person paid to help you find a lender.

The person who brings together a borrower and lender. They handle all the necessary applications for the borrower to obtain a loan against real property by giving a mortgage or deed of trust as security. Also known as a loan broker.

One who, for a fee, brings together a borrower and lender and handles the necessary applications and paperwork for the borrower to obtain the loan against real property. As defined by Nevada Statutes, handles "private investor" loans.

An individual or company that obtains mortgages for others by finding lending institutions, insurance companies or private sources to lend funds; may also make collections and handle disbursement.

A mortgage company that originates loans, then places the loans with other financial institutions.

An individual who assists with arranging funding or negotiating contracts for a client but who does not loan the money himself or herself. Brokers usually charge a fee or receive a commission for their services.

A mortgage company that does not fund with their own money, but rather shops your loan and finds a mortgage banker that will fund the loan.

An independent agent who shops around for the best mortgage deal for their clients.

A firm or more frequently and Individual who brings the Borrower together. Does the mortgage shopping for the Borrower. In B.C. the Broker must be licensed.

A person or company that brings the lender and the borrower together.

Individual or company that acts as intermediary between borrower and lender, typically for a fee.

A person or company engaged in the arrangement of mortgages for buyers. The broker is usually paid a commission by the lender.

A company that matches borrowers and lenders together for a fee.

A professional person who helps you arrange for mortgage financing on your home or other real property. He or she also can arrange for the buying or selling of a mortgage.

One who charges a service fee for bringing together a borrower and lender for the purpose of a loan origination.

Like mortgage bankers, mortgage brokers initiate and process the loan application. However they don't fund the loan with their own money, and usually work as an "agent" on behalf of several investors, like mortgage banker, S & L's, banks, or investment bankers.

Companies that work with a number of banks and lenders to negotiate lower interest rates than available to individuals. They are usually paid a commission by the lender and charge the borrower a broker's fee.

An entity acting as a middleman to help a borrower select the best loan product from a variety of lenders.

A person or organization that facilitates the mortgage process by matching a buyer with a lender.

A person or corporation that originates and processes mortgage loans for a commission, but does not fund the loan, instead matching the borrower with a lender for the funding.

A person or entity acting as a middleman for a fee to bring lenders and borrowers together.

An individual in the business of assisting in arranging funding or negotiating contracts for a client but who does not loan the money himself. Brokers usually charge a fee or receive a commission for their 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 with several investors, lender’s or banks. Who fund them after closing.

A real estate financing professional middleman who assists the buyer and seller with the arrangement of financing and contract negotiations.

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 broker who, for a fee, places loans with different investors.

A professional that helps consumers through the loan selection, processing, and closing a mortgage loan. Most mortgage brokers have access to a wide range of mortgage products through many mortgage lenders. Mortgage brokers are paid a fee by the borrower when a suitable mortgage is found and closed.

Takes loan applications and processes the necessary paperwork. Unlike a mortgage banker, brokers do not fund the loan with their own money. Works on behalf of several investors, such as mortgage bankers, savings and loans, banks, or investment bankers.

A person or company that offers loans to borrowers from numerous sources; they're generally paid a commission for their services.

A company that matches borrower with lenders for a fee.

A Canadian Mortgage Broker assists a borrower to find the appropriate mortgage for their needs. They show the client a full array of options available to them in the mortgage market.

One who, for a fee, places loans with investors, but does not service such loans.

A person you pay to help you find a lender.

A person or company that obtains a mortgage loan for the borrower from another lender. A mortgage broker will not always be representing the borrower and will not necessarily be looking after the borrower's best interests.

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.

An individual or firm that brings borrowers and lenders together for the purpose of loan origination. A mortgage broker typically takes loan applications and may process loans, but generally does not use its own funds to close the loan. Mortgage brokers often act as independent contractors and not as an agent of the borrower or lender.

an intermediary who will research and arrange financing provided by a lender for a borrower seeking the most desirable loan terms.

The middle man between a lender and a borrower. A mortgage broker handles the necessary paperwork, for a fee, and searches for best mortgage deal for you.

A person or firm which acts as an intermediary between borrower and lender; one who, for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans.

A person who buys mortgages wholesale from lenders and then sells them to buyers. Can "shop your loan around" to find the best rate. Good for people with less-than-stellar credit histories.

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

A company or person who searches for a lender to fit a prospective borrower's criteria.

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.

An individual or company that charges a service fee to bring borrowers and lenders together for the purpose of loan origination.

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

A person or firm that finds lenders for prospective borrowers to meet the lenders' criteria.

A person or company marketing loans from their portfolio of lenders. They match the borrower to the best loan or loans from this selection.

An individual or company that receives a commission for matching prospective borrowers with lenders.

A mortgage broker is an independent third party that helps a borrower obtain the best deal, by researching and arranging finance options available from lenders.

An intermediary who matches the needs of a borrower with the requirements of a lender.

A person or organization that serves as a middleman to facilitate the mortgage process. Brokers often represent multiple mortgage bankers and offer the most appropriate deal to each buyer.

The person who, for a commission or a fee, brings parties together and assists in negotiating contracts between them. Lightning Mortgage is the premier online Mortgage Broker.

A company or individual who helps the homeowner find the right financing to buy a property. A broker does not actually lend money but seeks out a lender and arranges the mortgage terms. This may include negotiating with the lender for the best possible deal for the homebuyer.

Someone who manages financing opportunities for both the lender and the borrower.

An intermediary between a borrower and a lender. A broker's expertise is to help borrowers find financing that they might not otherwise find themselves.

Mortgage brokers act as intermediaries between lending institutions and borrowers. Most brokers have access to a wide variety of lenders and can often find loans with lower interest rates than you might otherwise find. They can also save you time searching for a loan that fits your needs. However, brokers often charge higher points than lenders.

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, or investment bankers. Morgan Financial does not work with any middlemen Mortgage Brokers.

A person who arranges mortgage loans through mortgage bankers. This person acts as a middleman and is not limited to the restrictions of having to go through only one lender. This person can "shop" your loan to get you the best rate and term available.

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

An independent finance professional who specializes in bringing together borrowers and lender to facilitate real estate mortgages.

A person or company offering mortgage products from several financial institutions.

A licensed lending professional who represents several different lenders, and usually offers more loan options than a commercial bank.

One who finds lenders for prospective borrowers who meet the lenders' criteria. A mortgage broker does not make the loan, but receives payment for services.

mortgage broker is one who arranges financing for a borrower by placing loans with lenders. Mortgage brokers are paid a fee by the borrower or the lender when the loan closes.

One who may carry on the business of dealing in real estate loans via license by the state.

A mortgage broker is different from a single lender/bank, in that they represent many different lenders in much the same way a travel agent represents many different airlines. Most people don't call a single airline and expect to get a complete picture of all available flights and prices, and yet some people will call a single lender/bank and end up choosing the wrong type of financing which can literally cost them thousands of dollars. A mortgage broker's knowledge and complete view of all financing options can enable people with low income, self-employment, commissioned income, or even credit problems to obtain excellent financing. A mortgage broker's compensation as your consultant (much the same as a travel agent) is a finders fee paid by the lender. These lenders always offer better rates and superior prepayment privileges and often shave as much as a half percent point off the normal market rate.

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.

An agent of a lender who brings the lender and borrower together. The broker receives a fee for this service.

A company that originates loans, then places the loans with a variety of other lending institutions with whom it has pre-established relationships. A mortgage banker, conversely, is generally assumed to originate and fund its own loans, which are then sold on the secondary market - usually to Fannie Mae, Freddie Mac, et cetera. However, firms often loosely apply this term to themselves, whether they are true mortgage bankers or simply mortgage brokers or correspondents. An individual can also be a licensed mortgage broker.

A person, or entity, that specializes in loan originations and receives a commission for matching borrowers with lenders. The mortgage broker performs some or most of the loan processing functions such as taking loan applications, ordering credit reports, appraisals and title reports. Typically, the mortgage broker does not underwrite the loan and generally does not use its own funds for closing. (MortgageSelect.com) is NOT a mortgage broker, we are a full-service lender, underwriting and funding most of our loans.

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

A licensed person who, for a fee, brings together a borrower in search of a mortgage, and a lender willing to issue that mortgage.

A person or company who, for a fee, arranges a mortgage loan between a lender and borrower.

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. Usually these types of organizations have several different lending sources whereas a Mortgage Banker may only loan money from their own funds.

A company or individual that brings together lenders and borrowers and processes mortgage applications.

A person or company that processes mortgage loan applications for delivery prior to closing to a direct lender.

An individual who is in the business of assisting in the arranging of funding for clients with lenders. The broker, himself, does not loan the money. Click here for more information on mortgage brokers.

A broker helps find the right loan for your needs from a selection of lenders contracted to the broker.

Mortgage brokers are entities or persons who specialize in matching borrowers and lenders for specific program needs. They collect a commission for placing the loan, typically referred to as a mortgage broker fee.

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.

A company that matches the borrower with a lender.

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

An independent contractor who offers the loan products of multiple lenders, termed wholesalers. A mortgage broker counsels on the loans available from different wholesalers, takes the application, and usually processes the loan. When the file is complete, but sometimes sooner, the lender underwrites the loan and funds it.

A person who brings together borrower and a lender and in return is paid a finder's fee. This finder's fee is usually equal to one percent or so of the amount borrowed and is normally paid by the borrower. Certain sources of funds, particularly insurance companies, do not always deal directly with the person looking for capital; rather, they work through a mortgage broker. Normally, the mortgage broker is not involved in servicing the loan once it is made and the transaction is closed.

Someone who will serve as a third party and find someone else to lend money to a customer. A mortgage broker cannot approve a loan for a customer.

An individual or a firm bringing lender and borrower together.

An individual or firm that acts as an agent for both the borrower and the lender of a mortgage loan. The broker places the borrower and lender in contact with each other and receives a commission from the borrower if a loan results. Unlike a mortgage banker a mortgage broker does not negotiate the terms of the loan, issue a loan commitment, prepare the loan documents or service the loan.

Semi fiduciary that joins borrower and lender for a real estate loan, thereby earning a placement fee.

A registered agent who negotiates with lenders on behalf of a borrower to obtain the best overall mortgage for that borrower's circumstances. Mortgage Brokers are particularly useful in financing "non standard" situations which cannot be funded by a major national lender. This is possible because a Mortgage Broker has access to lenders who do not advertise nationally or operate retail locations.

An individual or company that works with many lending institutions to secure funding for home loans.

A person or company that brings borrowers and lenders together. Read more...

A person who can help you obtain a mortgage. Mortgage brokers buy mortgages wholesale from lenders and sell them to buyers. A mortgage broker will help you find the best rate available on the market for your situation.

An individual or company that typically requires a fee or commission for the service of bringing borrowers and lenders together for the purpose of loan origination. See also, Broker and Real Estate Broker.

A company that matches lenders with prospective borrowers who meet the lender's criteria. The mortgage broker does not make the loan, but receives payment from the lender for services.

An individual or company that offers loans to borrowers from numerous sources and is paid a commission for their services.

is a licensed real estate financing professional who acts as a middle man between borrowers and lenders and specializes in the origination of residential and/or commercial mortgages.

An individual or company, usually approved by several wholesale lenders, to originate mortgage loans on their behalf. The Broker works with the borrower from loan application through closing, but funds for closing come from the lender.

A person who represents many lenders in the search for best terms for a borrower

A person who matches buyers with lenders.

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

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 who acts as an agent and brings borrowers and lenders together. A mortgage broker does not service loans.

a mortgage broker typically acts as an intermediary in securing a select type of real estate financing. For example, a mortgage broker may focus on single-family mortgages or construction financing.

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 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 intermediary between a borrower and a lender. A mortgage broker's expertise lies in helping borrowers find financing that they might not otherwise find themselves.

A firm or individual who, for a commission, matches borrowers with lenders. A mortgage broker does not retain servicing, does not use its own funds and is not a principal.

the primary company that provides and processes the loan for a variety of lending companies

A mortgage company that originates loans, joining the borrower and lender for a real estate loan, earning a placement fee.

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

A company that for a fee matches borrowers with lenders.

A licensed professional who places mortgage loans on behalf of clients for a fee with various mortgage lenders, depending on the type of loan and the qualifications of the borrower. To compete with Mortgage Brokers, most banks now have in-house mortgage specialists who are mobile and will come to your home or office to arrange a mortgage loan with their bank.

A company (or individual) that for a fee arranges a loan between a lender (mortgagee) and a borrower (mortgagor).

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

A firm or individual who for a commission, matches borrowers and lenders. A mortgage broker takes applications and sometimes processes loans, but does not use its own funds for closing.

A person who can help you obtain a mortgage. Mortgage brokers buy mortgages wholesale from lenders, mark the mortgages up (typically from 0.5 to 1 percent), and sell them to buyers. A good mortgage broker is most helpful for people who don't want to shop around on their own for a mortgage or for people who have blemishes on their credit reports.

An individual or company that arranges home purchase financing for purchasers.

An independent finance professional who specializes in bringing together borrowers and lenders to complete real estate mortgages.

An individual or company that arranges financing for borrowers.

An individual that matches lenders with prospective borrowers who meet the criteria of lenders the broker is approved to deal with.

Brokers originate and process or "package" a loan, but they do not fund the loan or close it in their own name. Instead they have working relationships with several "wholesalers" who provide the various loan programs and funding.

An independent, third-party, licensed broker who arranges loan transactions between lenders and borrowers by facilitating the application and approval process.

A Mortgage broker is a licensee who brings a borrower and lender together and receives a fee for the services performed. Pen-Web Funding Group, Inc. is a registered mortgage broker with the New York State Department of Banking.

Like mortgage bankers, initiates the loan application and processes the necessary paperwork. Unlike a mortgage banker, brokers don't fund the loan with their own money, but usually work as an "agent" on behalf of several investors, like mortgage banker, S & L's, banks, or investment bankers.

An individual or company that brings a borrower and a lender together for the purpose of originating a loan. Mortgage brokers generally require the payment of a fee or commission for their services.

A company that helps a borrower get a loan in return for a fee. Mortgage brokers don't lend money - they help you shop for the best loan from a selection of lenders. Since mortgage brokers get discounted rates from lenders, you can get a lower rate from a broker than if you apply for a loan directly from a lender. Online mortgage brokers also charge significantly lower fees than traditional brokers, who can charge up to 2.5% of the loan amount. Once you apply for the loan, the mortgage broker handles all the documents and works with the lender to make sure your loan gets approved. The mortgage broker may also order a copy of your credit report, the property appraisal and the title insurance. You pay a mortgage broker at closing, when you complete your home's purchase or refinance.

As do mortgage bankers, mortgage brokers take loan applications and process 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 who deals with other lenders as an intermediary of the other lender's loans.

One who brings together a borrower and lender, for a fee, 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 known as a loan broker.

A company or an individual who obtains mortgages for others by finding lending institutions, insurance companies or private sources to lend the money. Brokers may also handle processing, collections and disbursements for the mortgage lender.

Arranges financing for borrowers, but places loans with lenders rather than funding them with their own money.

An independent agent who shops around for the best mortgage deal on behalf of his clients.

One who finds clients perspective lenders at generally no cost. Mortgage Brokers have a special relationship with lenders and can offer their clients the best rates and service. CanEquity goes through great lengths to ensure you are serviced by the best Mortgage Brokers in Canada.

A person or entity that specializes in loan originations, receiving a commission to match borrowers and lenders. The Mortgage Broker performs some or most of the loan processing functions such as taking loan applications, ordering credit reports, appraisals, and title reports. Typically the Mortgage Broker does not underwrite the loan and generally does not use its own funds for closing. The Mortgage is generally closed in the name of the lender who commissioned the broker's services. A Mortgage Broker will not service the Mortgage. An entity or individual engaged to handle or perform, for a Seller or correspondent, part of the mortgage application processing, underwriting, funding or postclosing functions, but not any activities related to obtaining an application for a wholesale origination. This entity is typically paid on a fee basis for services performed, with the payment of fees not being contingent on Mortgage approval or closing.

a company or individual who assists borrowers in obtaining a loan, usually through a variety of lenders and programs.

A person or organization who assists in the arrangement of mortgage funding or negotiates contracts on behalf of the borrower, without personally assuming the responsibilities of the lender. A commission or fee is usually assessed by the broker for this service. See also Broker.

One who finds a lender for a potential borrower, and vice versa

An individual or company that acts as an agent between borrowers and lenders for the purpose of arranging and negotiating mortgage contracts; who is paid a fee for such service

The matchmaker between a home buyer and the lender. The broker draws from a pool of various lenders to find the right match.

A person or company that will assist you to find the most appropriate home or residential investment loan for your situation. Mortgage brokers may charge you a fee for their services or be paid a commission from the lender.

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

An individual who, for a fee, locates borrowers who need mortgage money and who places them with lenders who want to make loans.

individual or company that originates and processes loans for a number of lenders.

A mortgage company that finds people who want a mortgage, and them marries them with lending institutions.

A mortgage company that originates loans, then places those loans with a variety of other lending institutions with whom they usually have pre-established relationships.

Any person who for compensation or gain, or in the expectation of compensation or gain (a) makes a residential mortgage loan or assists a person in obtaining or applying to obtain a residential mortgage loan or (b) holds himself or herself out as being able to make a residential mortgage loan or assist a person in obtaining or applying to obtain a residential mortgage loan. RCW 19.146.010(12). Mortgage brokers are involved in a high percentage of high-cost loans, and sometimes receive a payment from the lender for steering the client to a higher-cost loan (otherwise known as a "yield spread premium") or for the volume of loans the brokers steer towards the lender (otherwise known as "volume-based compensation").

A person (not an employee of a lender) who brings a borrower and a lender together to obtain a federally-related mortgage loan. A mortgage broker has access to a variety of lenders and offers the most choice in loan programs. 1999 saw Mortgage Brokers with a 70% market share of all originations.

The mortgage broker, either an individual or company, hired to act as an intermediary between borrowers and lenders.

Places appropriate loans with borrowers and lenders. Eventually they (mortgage brokers) are paid when there is a closing on the loan.

An individual or firm that makes mortgage loans on its own behalf, with its own funds, usually expecting to re-sell the loans to lenders at a profit.

An individual or company that arranges financing between the lender and the borrower.

An individual or company not limited to any one lender allowing them to shop a variety of programs and rates. Most brokers are paid by the lender that they bring the loan to. (See Yield Spread).

An individual or company which brings borrowers and lenders together for the purpose of loan origination, but which does not originate or service the mortgage.

A mortgage broker acts as an intermediary who sources mortgages on behalf of individuals or businesses.