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Buying your first house is exciting—until you realize how cumbersome the mortgage pre-approval process can be. A mortgage broker can help, but ask these five questions first. 5 Questions to Ask ...
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Here’s a list of questions to ask a mortgage loan officer. Skip to main content. 24/7 Help. For premium support please call: 800-290-4726 more ways to reach us. Sign in. Mail. 24/7 Help. For ...
“A preferred lender is one that real estate agents prefer to work with,” says Mike Roberts, a mortgage broker and co-founder of City Creek Mortgage in Draper, Utah.
The term "agent" is not to be confused with salesperson or broker. An agent is simply a licensee that has entered into an agency relationship with a client. A broker can also be an agent for a client. It is commonly the firm that has the actual legal relationship with the client through one of their sales staff, be they salespersons or brokers.
Mortgage brokers can obtain loan approvals from the largest secondary wholesale market lenders in the country. For example, Fannie Mae may issue a loan approval to a client through its mortgage broker, which can then be assigned to any of a number of mortgage bankers on the approved list. The broker will often compare rates for that day.