Mar
03
Broker
ByAn individual or company that brings borrowers and lenders together for the purpose of loan origination. Mortgage brokers typically require a fee or a commission for their services. Usually paid by the Lender. Brokers are often maligned by banks because they actually help investors get loans instead of trying to put obstacles in their path.
Sometimes used as a verb to describe the activity of completing a deal between 2 parties. ” He brokered a deal between X and Y”.
