mortgage broker


An individual or company which brings borrowers and lenders together for the purpose of loan origination, but which does not originate or service the mortgages. The broker might also negotiate with the lender to try and find the best possible financing deal possible for the borrower.

Use mortgage broker in a sentence

You should try and get a hold of a mortgage broker you trust any time you are looking to purchase some real estate.

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The mortgage broker finally was able to finalize the deal for the house to change ownership on the fifteenth of this month.

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Lois didn't know what to do first when it came time to finance her new home, but a referral from her brother hooked her up with an experienced mortgage broker who quickly provided several lender options to explore.

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