Who is a Mortgage Broker?
Any person who acts as a middle man between the lender and the borrower is called broker. Where a mortgage transaction is involved he is called a mortgage broker. He helps in bridging the technical requirements of the lending institution with the requirements of a borrower.
Role of a Mortgage Broker
The role of a mortgage broker is critical in closing any loan transaction. He strives on the commission he receives on every loan transaction closed by him.