Mortgage Glossary
Mortgage Broker
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A mortgage broker is a licensed intermediary who shops multiple wholesale lenders to find a borrower the best rate and program.
What Mortgage Broker means
Unlike a bank that offers only its own products, a broker compares many lenders' pricing and passes wholesale rates to clients. Brokers originate loans but don't fund them directly.
Florida example
A Florida broker like Mortgage Capital (NMLS# 1859012) submits one application to several lenders and presents the strongest offer. That competition often beats a single retail bank's rate.
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