Mortgage Broker
ABA
Updated 10-31-2026
Mortgage Broker
an individual or company who brings borrowers and lenders together for the purpose of loaning money.
American Bar Association Glossary of Real Estate Terms
ABA · p. 7
California Association of Realtors
Updated 10-31-2026
Mortgage Broker
An individual or company that arranges mortgage financing between a borrower and a lender.
California Association of Realtors Glossary
California Association of Realtors · p. 9
FreddieMac
Updated 10-31-2026
Mortgage Broker
An independent finance professional who specializes in bringing together borrowers and lenders to complete real estate mortgages.
FreddieMac Glossary
FreddieMac · p. 10
FreddieMac
Updated 10-31-2026
Mortgage Broker
A person or entity that specializes in loan originations, receiving a commission (from a Correspondent or other lender) to match Borrowers and lenders. The Mortgage Broker performs some or most of the loan processing functions, such as taking loan applications, or ordering credit reports and title reports. Typically, the Mortgage Broker does not underwrite or service the loan and generally does not use its own funds for closing; however, a Mortgage Broker could fund a Mortgage on a lender's behalf and such a Mortgage will be considered, and should be delivered as, a Mortgage Broker third party origination Mortgage. The Mortgage is generally closed in the name of the lender who commissioned the Mortgage Broker's services.
FreddieMac Glossary
FreddieMac · p. 28
FTC
Updated 10-31-2026
Mortgage Broker
An individual or firm that brings borrowers and lenders to-gether for the purpose of loan origina-tion. A mortgage broker typically takes loan applications and may process loans. A mortgage broker also may close the loan.
FTC Real Estate Terms
FTC · p. 12
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