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title: What Is Mortgage Broking?

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# What Is Mortgage Broking?

A [mortgage broking](https://www.apwfinance.com) expert is a go between a monetary organization that offers advances that are obtained with land and people keen on purchasing land who need to get cash as a credit to do as such. The mortgage broker will work with the two players to get the individual supported for the advance.

![](https://i.imgur.com/YVY2TNQ.jpg)

A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses.

Traditionally, banks and other lending institutions have sold their own products. As markets for mortgages have become more competitive, however, the role of the mortgage broker has become more popular. In many developed mortgage markets today, mortgage brokers are the largest sellers of mortgage products for lenders.

Mortgage brokers exist to find a bank or a direct lender that will be willing to make a specific loan an individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications.
Many mortgage brokers are regulated by their state and by the CFPB to assure compliance with banking and finance laws in the jurisdiction of the consumer. The extent of the regulation depends on the jurisdiction. 