Recommended Mortgage Lenders:
TD Bank Mortgage Loan Officer | Mortgage Banker
M: 215-837-7778 | E: joe.palermo@td.com
Joe Palermo
Apple Mortgage Corp | Mortgage Broker
M: 917-399-5146 | E: rb@guardhill.com
Richard BarenBlatt
Brian Scott Cohen
Graffinity Senior Loan Officer | Mortgage Banker
M: 646-584-8009 | E: BrianScottCohen@grarate.com
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Mortgage Banker VS Mortgage Broker
Mortgage Banker :
A mortgage banker is a financial professional or institution that provides mortgage loans to individuals and businesses for purchasing or refinancing real estate. They evaluate borrowers, manage the loan application process, and facilitate loan transactions. They also service the loan, collect payments, and assist borrowers throughout the loan term.
Mortgage Broker :
A mortgage broker is a licensed intermediary who connects borrowers with lenders to obtain mortgage loans. They assess borrower's financial situation, shop for loan options from multiple lenders, and provide guidance throughout the application process, offering borrowers more choices and potentially better deals.