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Finance Dictionary and Glossary of Investment Terms
Mortgage Broker
Definition 1.
The matchmaker between a home buyer and the lender. The broker draws from a pool of various lenders to find the right match.
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Definition 2.
An individual or company which brings borrowers and lenders together for the purpose of loan origination, but which does not originate or service the mortgages. The broker might also negotiate with the lender to try and find the best possible financing deal possible for the borrower.
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