A mortgage broker is a licensed mortgage professional who works on behalf of potential borrowers to find the ideal lender and mortgage loan product for prospective home buyers, or homeowners that are interested in refinancing. They meet with clients and gather all the necessary documentation to create and submit the loan application, research mortgages and interest rates of various lenders, and act as a resource and middleman for the applicant throughout the mortgage process. Many mortgage brokers work independently by creating a vast referral network in the real estate and lending industries, while others may work at an established mortgage brokerage firm, a financial institution, credit union, or lending institution.
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