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Differences Between a Mortgage Broker and a Bank – · A mortgage broker is a type of middleman who represents many lenders and all of their loan products. The broker’s goal is to match the loan product that best meets your needs at the best possible price. Once your loan is approved, you will usually deal directly with the loan originator or their mortgage service provider.
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How Much Does A Mortgage Broker Make? – On Property – Mortgage brokers also tend to work with an aggregator which is someone that brings all the lenders together for the mortgage broker to access. Now, those aggregators will also take a cut themselves and how much of a cut that aggregator takes, varies from aggregator to aggregator.
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