A broker does not lend their own money. They work with a range of wholesale lenders, compare programs and pricing for your situation, and handle the application through closing.
Why it matters
One application can reach many lenders, which helps when your situation does not fit one bank’s rules. Brokers are paid by the borrower or by the lender, and that compensation must be disclosed to you.
Where you meet it
When you shop for a loan. Many brokers rely on a loan processor, such as Stark Processing, to prepare and manage their files.
Need a processing team?
Send us your next file and Laurie’s team replies with next steps.