A mortgage broker is a middleman between a borrower and lending institution who facilitates the home loan process.

Mortgage brokers are different than mortgage lenders or mortgage bankers. Mortgage lenders and bankers originate and fund their own loans, while a broker is simply a middleman between a lending institution and a borrower. A mortgage lender/banker may function as a mortgage broker when they do not have a suitable in-house loan program, in which case they will broker the loan to a different lender.

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