Are You a Lender or a Banker or a Broker?
By Rob Spinosa, Mortgage Loan Originator, Marin County
(US Bank)
Are You a Lender or a Banker or a Broker? "So are you a broker or a lender?" "Or a banker or a lender?" "Or a broker/banker?" Yes, yes, and yes! We get this question all the time, but I think it comes from a good place. Naturally, everybody shopping for a home loan wants to get the best rates and terms and some confusion swirls around how the type of mortgage originator one uses has a bearing on the outcome. So when they work with me, who is really behind the curtain?[Too lazy to read the rest? Watch the video below instead.] Banker / Broker / LenderIn the post-downturn lending industry, there are really only three primary channels for obtaining a residential home loan; mortgage banker, mortgage broker and mortgage lender. It's important to know that no matter which you choose th...
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