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Loan Originators vs Loan Brokers

There is one key difference between loan originators and loan brokers (distributors). Originators lend their own money while brokers are the middlemen who put borrower and lender together. Both charge fees though they may not be in the same form or called by the same name.

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Similar entries

  • Prepayment Penalty
  • Loan Points
  • Assumability or Loan Assumption
  • Loan to Value Ratio
  • Prequalification
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