A mortgage broker is a person who brings mortgage borrowers and mortgage lenders together.
A mortgage broker is a contractor who analyzes mortgage loan products and provides customers with information about loan products, qualification requirements, interest rates, and terms.
A broker does not lend money but usually has access to numerous lenders.
DO MORTGAGE BROKERS HAVE TO BE LICENSED?
Yes, all mortgage broker must be licensed.
All people applying to be a mortgage broker take the same national test and complete a 20-hour mortgage licensing class.
The mortgage brokerage 20-hour class time and the mortgage brokerage test are administered by the National Mortgage Licensure System (NMLS).
In addition, each state also has its own region's rules and regulations.
The following mortgage brokers may be able to help you: