What does mortgage broker mean?
Definitions for mortgage broker
mort·gage bro·ker
This dictionary definitions page includes all the possible meanings, example usage and translations of the word mortgage broker.
Wikipedia
Mortgage broker
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. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today, (especially in Canada, the United States, the United Kingdom, Australia, New Zealand and Spain), mortgage brokers are the largest sellers of mortgage products for lenders. Mortgage brokers exist to find a bank or a direct lender that will be willing to make specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications. Many mortgage brokers are regulated to assure compliance with banking and finance laws in the jurisdiction of the consumer. The extent of the regulation depends on the jurisdiction. Only one state within the United States has no laws that govern mortgage lending.
Numerology
Chaldean Numerology
The numerical value of mortgage broker in Chaldean Numerology is: 4
Pythagorean Numerology
The numerical value of mortgage broker in Pythagorean Numerology is: 2
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"mortgage broker." Definitions.net. STANDS4 LLC, 2024. Web. 28 Apr. 2024. <https://www.definitions.net/definition/mortgage+broker>.
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