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BROKER
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mortgage industry, broker refers to a company or individual that
does not lend the money for the loans themselves, but broker loans
to larger lenders or investors. This individual is employed on a fee
or commission basis. As a normal definition, a broker is anyone who
acts as an agent, bringing two parties together for any type of
transaction and earns a fee for doing so. |
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BACK TO GLOSSARY |
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Simplicity
Mortgage - 6180
E. State Street, Suite #5 - Rockford, IL.
61108
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