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Mortgage broker – Wikipedia – A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products.
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Sometimes a broker will charge you a fee directly (instead of, or in addition to, the credit provider’s commission). Find out the fee structure for the broker’s service, and compare fees charged by different brokers to make sure you get a good deal. Things to check when using a broker. If you use a broker, here are some tips to help you.
Becoming a Licensed Mortgage Broker – A licensed mortgage agent who plans to become a principal broker or supervise other agents must become licensed as a mortgage broker. One requirement for licensing is successful completion of the mortgage broker education program. This program has a different focus than the mortgage.
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