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Mortgage brokers differ from direct lenders, who make loans directly to borrowers. Mortgage brokers act as intermediaries, or liaisons, between borrowers and FHA-approved lenders. A mortgage broker is not necessary for accessing fha lenders that are open to the public, such as banks.
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What is a Mortgage Broker? Loan Officers Loan officers are sometimes called mortgage consultants, mortgage loan originators, home.
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Mortgage brokers say they’re in demand as credit crunch persists – Record numbers of property buyers are turning to mortgage brokers as it becomes harder to obtain a loan, according to analysis by the industry’s peak representative body. The analysis showing about.
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