When buying a home, the role of a mortgage broker is essential. A licensed mortgage professional is responsible for determining the best loan amount for a borrower. They may also suggest different loan types or negotiate with a lender for the most beneficial interest rate. A broker also works with a variety of lenders and may collect a fee from...

A mortgage broker works independently or with a brokerage firm. A broker can research and negotiate loans for their clients. They can also verify the borrower's income and handle the loan paperwork. Many brokers have access to a powerful loan-pricing system that prices the loan across many lenders at once. This system can expedite the process and...

The role of a mortgage broker is to negotiate the loan and obtain the best deal for borrowers. The broker must be well-informed about the lending market and his or her clients' needs. This includes understanding the different types of mortgages available and how to best match them. A qualified broker is well versed in mortgage products and can...