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Should I Work With a Mortgage Broker? | US News – · Mortgage brokers may have less control over your loan file because it’s not underwritten in-house like with a mortgage banker. Failing to do your research on mortgage brokers could mean ending up with a broker who improperly structures your loan, delays your closing date or makes the homebuying process tedious and difficult.
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Mortgage broker – Wikipedia – A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products.
Mortgage brokers are middlemen who shop your loan package to several lenders on your behalf, for a fee. They may prefer to work with particular lenders and don’t have to offer you the best deal.
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