A mortgage broker is an intermediary who match borrowers with lenders and originate the loan for a chosen lender. Mortgage brokers are paid from origination costs charged to the borrower or from a yield spread premium paid by the mortgage lender.
A mortgage broker is an intermediary who match borrowers with lenders and originate the loan for a chosen lender. Mortgage brokers are paid from origination costs charged to the borrower or from a yield spread premium paid by the mortgage lender.