mortgage brokers
Home financing middlemen
Mortgage brokers are professionals who act as intermediaries between borrowers and lenders, helping people find and secure home loans.
Rather than lending their own money, they shop among multiple lenders to find suitable terms for their clients: We used a mortgage broker to compare rates from different banks.
They handle paperwork and guide borrowers through the application process, earning a commission or fee upon closing.
- loan officerEvaluates borrowing requests
- pre-approval letterLender's preliminary financing confirmation
- underwritingRisk evaluation and acceptance
- real estate agentLicensed property seller
- refinancingReplacing a loan
fixed rate · co-signer · lenders · compliance officer · licensing authority · commission · closing costs · closing day · foreclosure · credit bureau · home inspector · amortization · interest rates · debt-to-income ratio · good faith estimate · payment · financial advisor · loans
- financebank, CFO, banks, controller, finance
- mortgageshome loan, fixed-rate mortgages, home loans, adjustable-rate mortgages, down payment
- Mortgage LendersFannie Mae, Freddie Mac
- financial institutionsbanks, central bank, commercial banks, investment bank, investment banks
- real estate jobsrealtors, brokers, agents, estate agents, appraisers
- real estate prosrealtors, agents, real estate agents, property managers, leasing agents
mortgage brokersfinancial planners
Professionals managing monetary futures