Functions of Mortgage brokers and companies

15/03/2016 Financial & Legal Services

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mortgage broker acts as an intermediary who brokers  mortgage loans  on behalf of individuals or businesses.

Traditionally, banks and other lending institutions have sold their own products. However, as markets for mortgages have become more competitive, the role of the mortgage broker has become more popular. Today in most developed mortgage markets (especially in  Canada , the  U.S. , the  UK ,  Australia ,  New Zealand  and  Spain ), mortgage brokers are the largest sellers of mortgage products for lenders.

Mortgage brokers exist to find a bank or a direct lender that an individual seeks with a specific loan the individual is seeking. Mortgage brokers in Canada are paid by the lender and do not charge fees for good credit applications.

For more information please contact Vertuity Mortgage Inc, 3200 Roblin Boulevard, Winnipeg, Manitoba, R3R 0C3, Ph: 204.888.HOME (4663)/ Fax: 1.888.245.9717.

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