mortgage broker
Home financing middleman
A mortgage broker is a middleman who connects borrowers with lenders, shopping among banks and other financial institutions to find suitable home loan terms.
Unlike loan officers who work for a single lender, brokers have access to multiple lending sources: We used a mortgage broker to compare rates from different banks.
Brokers earn fees or commissions, typically paid at closing.
- lenderOne who loans money
- realtorLicensed property seller
- loan officerEvaluates borrowing requests
- loanBorrowed money repaid later
- subprime lendingLoans to high-risk borrowers
refinancing · closing costs · good faith estimate · predatory lending · FHA loans · originator · down payment · debt-to-income ratio · amortization · real estate agent · valuer · assessor · conveyancer · credit score · appraiser · signing · preapproval · fees
- Real Estate Servicesreal estate agent, realtor, listing agent, buyer agent, appraisal
- Brokersstockbroker, shipbroker, pawnbroker
- licensed professionalsdoctor, dentist, lawyer, attorney, pharmacist
- professionsdoctor, lawyer, engineer, teacher, nurse
- mortgageshome loan, home loans, down payment, refinancing, refinance
- market participantsbuyer, seller, vendor, supplier, consumer
mortgage brokerdirect lender
Loan originator, no intermediary
mortgage lender · bank · credit union · creditor · mortgagee
mortgage brokerdebt collector
One who pursues repayment
loan servicer · repossession agent · mortgage holder · lienholder
mortgage brokerdebt counselor
Professional helping with money owed
broker, mortgage, mortgages, mortgaged, brokerage, mortgaging, mortgagee, mortgagor, remortgaged