Mortgage
brokers
explained
A
mortgage
broker
acts as an
intermediary
who sources
mortgage
loans on
behalf of
individuals
or
businesses.
Traditionally,
banks and
other
lending
institutions
have
distributed
their own
products.
However as
markets for
mortgages
have become
more
competitive,
the role of
the mortgage
broker has
become more
popular.
Today in
most
developed
mortgage
markets
mortgage
brokers are
the largest
distributors
of mortgage
products for
lenders. The
majority of
mortgage
brokers are
regulated to
ensure a
level of
protection
for the
consumer.
The extent
of the
regulations
depends on
the country
they operate
in .
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