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The Function of a broker, will shop and compare interest rate from different lenders and receive an origination fee for doing the loan.

A mortgage broker is not a lender but arranges mortgage financing through a third party. A mortgage broker may also offer a variety of loans from a variety of investors however a mortgage broker must rely on the investor they select for the loan to underwrite, close and fund the loan

http://www.fixed-mortgagerate.com/home_loan_faq's#2

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Function of broker?

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