Mortgage broker means any person who for compensation or
Mortgage broker means a person that, directly or indirectly, does 1 or both of the following:
Mortgage broker means any person who directly or indirectly negotiates, places or finds mortgage
Examples of Mortgage broker in a sentence
Communicate any uncertainties you may have about the nature of your relationship to your Mortgage Broker.
This amount may change prior to your loan closing in which event the Mortgage Broker will redisclose this amount to you.
In connection with this mortgage loan: • The Mortgage Broker may act as an independent contractor and not as your agent.
I/we will provide you with a signed copy of this Mortgage Broker Agreement as well as any other documents that are incorporated into this Mortgage Broker Agreement.
The lenders whose loan products are distributed by the Mortgage Broker generally provide their loan products to the Mortgage Broker at a wholesale rate.
More Definitions of Mortgage broker
Mortgage broker means a person other than an employee or exclusive agent of a lender who, for compensation, brings an obligor and lender together to obtain a covered loan.
Mortgage broker means the same as defined in RCW
Mortgage broker means a party licensed under the Mortgage Brokers Act;
Mortgage broker means any person who, for compensation or gain, or in the expectation of
Mortgage broker means a person who arranges or negotiates, or attempts to arrange or negotiate, at least four mortgage loans or commitments for four or more such loans on residential real property located in this state in a calendar year.
Mortgage broker means the same as defined in RCW 19.146.010, except that for purposes of this chapter, a licensee or person subject to this chapter cannot receive compensation as both a consumer loan licensee making the loan and as a consumer loan licensee acting as the mortgage broker in the same loan transaction.
Mortgage broker. (A) means a person who (i) for compensation or gain or with the expectation of compensation or gain (I) takes a residential mortgage loan application, or (II) offers or negotiates terms of a residential mortgage loan, and (ii) is not the prospective source of the funds for the residential mortgage loan, and (B) [but] does not include (i) an individual who is licensed as a mortgage loan originator acting as a mortgage loan originator on behalf of such mortgage loan originator's sponsoring mortgage lender, mortgage correspondent lender, mortgage broker or exempt registrant, or (ii) an individual exempt from mortgage loan originator licensure under subdivision (2) of subsection (b) of section 36a-486, as amended by this act, when acting within the scope of such exemption;