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LendingRisk.com Mortage Industry Dictionary

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.

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Mortgage Broker

A person or company that arranges mortgage loan financing for a borrower. Mortgage brokers established relationships with one or many correspondent or wholesale lenders and are able to find loans at competitive rates through these relationships. Mortgage brokers are paid a fee by the borrower or the lender when a loan closes.

See Correspondent Lending and Mortgage Loan Production Overview
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Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.