Mortgage Broker
/ˈmɔːrɡɪdʒ ˈbroʊkər/
Definitions
- (n.) A licensed professional who acts as an intermediary between borrowers and lenders to facilitate mortgage loans.
The mortgage broker helped the couple find the best home loan with favorable terms.
Forms
- mortgage broker
- mortgage brokers
Related terms
See also
Commentary
Mortgage brokers do not lend money directly but earn commissions from lenders; ensure clarity on licensing and fiduciary duties in contracts.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.