Mortgage FAQs

What is the difference between a Mortgage Broker & Mortgage Banker?

Mortgage brokers are federally licensed firms or individuals who sell loan programs on behalf of lenders.

Mortgage brokers facilitate your search for the most suitable mortgage product – but do not process any loans – every loan is sent to the lender (banker) for processing.

In comparison, Mortgage lenders (bankers) originates the mortgage loan, loaning you their funds and closing the loan in their name.

Mortgage300 is a federally licensed Mortgage Banker.

 


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