Welcome to Mortgage Broker Guide
Mortgage Broker List Article
. For a permanent link to this article, or to bookmark it for further reading, click here.
Becoming a Mortgage Broker
from: Mortage & Debt FactsIf you have ever bought your own home, you have likely worked with a mortgage broker. While most people use them, they are often a misunderstood occupation. In reality, these mortgage brokers act as an intermediary between you and a mortgage lender. Some people think that they work strictly for mortgage lenders. That's not true. Lending officers do that. They look out mostly for themselves and the lender and don't care as much about the buyer. Mortgage brokers are different. They work to help buyers find the right lender and buyer so that both parties are happy.
The career of a mortgage broker is a popular one. In fact, there are over 400,000 mortgage brokers in the United States alone. This makes up for over 65% of all mortgage loan transactions. Because they are in such high demand, a lot of people look into getting into this career. It isn't for everyone, though. For instance, you need to really like people. You will be working with buyers all day. You should also like, or at least tolerate, doing paperwork. Much of your job will entail filling out paperwork for your customers and turning that paperwork into a mortgage lending company.
There are a lot of tasks that a mortgage broker is responsible for. Above all else, they work with buyers to help them find the best mortgage lender and loan product. To do this, they focus on marketing in order to attract new clients, they asses the circumstances of the borrower, and they collect any necessary paperwork. This is only just a bit of what a mortgage broker does every day.
Not only do you need to know a lot about the field, but you need to be licensed as well. There are many requirements when it comes to being a mortgage broker. You will need to show that you know what you are doing. This is important since there are a lot of laws, rules and requirements when it comes to mortgage loans. If you don't know what you are doing, both you and your client will get into a lot of trouble. This is the main reason why mortgage brokers are required to be licensed.
The rules and regulations of mortgage brokers vary quite a bit between countries and regions within those countries. Mortgage brokers in the United Kingdom have a lot different rules than mortgage brokers in the United States. Be aware that you should be learning as much as you can about what happens in your own area than what may be required in a different country.
Mortgage Broker List Specific links
Mortgage Broker List News
Mortgage brokers busy as interest rates fall - Newstalk ZB
 3News NZ | Mortgage brokers busy as interest rates fall Newstalk ZB Mortgage broker Mike Pero says renters are quickly becoming house hunters. "We've been full of enquiries with new home loans as well as people looking at their rates as they've never been this low before so a lot of people are thinking 'well this could ... Mortgage rates tumble TSB slashes rates Cheaper than face value mortgages |
FHA's streamlined refinance program can save borrowers thousands - San Francisco Chronicle
 PR Web | FHA's streamlined refinance program can save borrowers thousands San Francisco Chronicle Mortgage broker: David Cary, California Mortgage Advisors, Sausalito, (800) 400-2772, davidcary.com. Property type: An owner-occupied single-family residence in Benicia. Appraised value: No appraisal required. Borrowing amount: $539000. FHA may ease mortgage rules for condos |
"The Keys to Finishing 2012 as Successfully as You Started It" - MarketWatch (press release)
"The Keys to Finishing 2012 as Successfully as You Started It" MarketWatch (press release) SHERMAN OAKS, Calif., May 18, 2012 /PRNewswire via COMTEX/ -- National real estate expert and sales guru Steve Harney and best-selling author and Prospect Mortgage's Chief Performance Officer Todd Duncan will co-host an informative, one-hour webinar, ... Financial Facts: Can you accept 'I don't know?' |
Mortgage Broker Convicted of Fraud Alleges Court Errors, Ineffective Counsel - LoanSafe
Mortgage Broker Convicted of Fraud Alleges Court Errors, Ineffective Counsel LoanSafe (Source: Kirsten Valle Pittman The Charlotte Observer, NC (MCT) — A former mortgage broker in prison for his role in a house-flipping scheme is asking a federal court to vacate his sentence, citing improper court procedures and ineffective advice from ... |
Mortgage broker convicted of fraud wants his sentence vacated - Charlotte Observer
 Charlotte Observer | Mortgage broker convicted of fraud wants his sentence vacated Charlotte Observer By Kirsten Valle Pittman A former mortgage broker in prison for his role in a house-flipping scheme is asking a federal court to vacate his sentence, citing improper court procedures and ineffective advice from his lawyers. Michael Pahutski, who was ... |