mortgage broker

mortgage broker definition - finance
Someone who locates banks that are willing to issue a mortgage that will meet the borrowerÂ’s criteria. The mortgage broker does not issue the mortgage but instead receives a fee for matching the home buyer with the financial institution issuing the mortgage.

Webster's New World Finance and Investment Dictionary Copyright © 2003 by Wiley Publishing, Inc., Indianapolis, Indiana.
Used by arrangement with John Wiley & Sons, Inc.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.