A mortgage broker handles all of the aspects of a mortgage for certain companies they may represent. They gather all the application information, market, advertise, and sell the product of a mortgage company they are appointed with (may be many companies).
A mortgage lender does a similar task but he actually tables the funds for the loans as well. Then they will profit by selling off the mortgage to larger companies. Mortgage Lender Bonds are typically higher amounts due to the fact they table mortgage funds. Some Lenders also have Fidelity requirements based on the state.
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