Mortgage Broker
The matchmaker between a homebuyer and a lender with the goal of them originating a mortgage loan. The broker draws from a pool of various lenders to find the right match.
Investopedia Commentary
Do not confuse a mortgage broker with a mortgage banker. A mortgage broker brings together both the parties of a loan but does not actually originate or service the loan, while a mortgage banker originates and services the loan.
Related Links
Understanding Your Mortgage
Understanding the Mortgage Payment Structure
The Reverse Mortgage: A Retirement Tool
See also: Conventional Mortgage, Fannie Mae, Ginnie Mae, Loan, Mortgage, Mortgage Banker, Origination