A mortgage broker is an independent real estate financing professional who specializes in the origination of residential mortgage loans. Mortgage brokers normally pass on the actual funding and servicing of loans to "Wholesale Lending Sources". A mortgage broker is also an independent contractor working on average, with 40 lenders at anyone time. By combining professional expertise with direct access to hundreds of loan products, your broker provides the most efficient and cost-effective method of obtaining suitable financing tailored to specific financial goals. What Do Mortgage Brokers do? Mortgage Brokers are like" Policemen" offering their clients security, safety and peace of mind. One of their most important functions is escorting your transaction through the loan process, constantly patrolling the transactions for possible breakdowns. A professional mortgage broker can wade through the mountains of rates and programs, researching current market conditions to provide you with the most accurate and up-to-date information on cost-effective loan options
Posted on: Wed, 26 Jun 2013 20:25:51 +0000
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