All About Mortgage Brokers

Chapter 19.146 RCW: MORTGAGE BROKER PRACTICES ACT – The activities of a mortgage broker affect the public interest, and require that all actions of mortgage brokers, designated brokers, loan originators, and other persons subject to this chapter be actuated by good faith, abstain from deception, and practice honesty and equity in all.

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What You Need To Know About Mortgage Brokers – A mortgage broker may either work on behalf of a bank or lending institution, or be independent. In many cases after mortgage brokers working on behalf Although mortgage brokers can be paid in a variety of ways, in most cases they are paid by the lenders. Consequently, this implies that they offer.

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Mortgage Brokers | Department of Financial Regulation –  · Mortgage Broker to perform the agreed upon service; (ii) that the Mortgage Broker shall represent the interests of the prospective borrower rather than those of any lender; and (iii) all fees received by the Mortgage Broker for services. (b) Any amount received by the Mortgage Broker in excess of the amount set forth in the

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