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  • Writer's pictureHome Lender USA

Should you work with a Mortgage Broker?

Updated: Apr 27, 2022

Mortgage Brokers

A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together, but they do not use their own funds to originate mortgages. A mortgage broker helps borrowers connect with lenders and seeks out the best fit in terms of the borrower's financial situation and interest-rate needs. The mortgage broker also gathers paperwork from the borrower and passes that paperwork along to a mortgage lender for underwriting and approval purposes. The broker earns a commission from either the borrower, the lender, or both at closing.

  • A mortgage broker is a financial intermediary who matches home borrowers with potential lenders in order to obtain the best possible mortgage terms for the borrower.

  • A mortgage broker can save a borrower time and effort during the application process, and potentially a lot of money over the life of the loan.

  • Mortgage brokers earn commissions, known as origination fees, based on the size of the loan, and may work independently or as an employee of a larger mortgage brokerage firm.

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Mortgage brokers exist to find a bank or a direct lender that will be willing to make a specific loan an individual is seeking.


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- Home Lender USA

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