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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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