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Dunstone was a real estate student at the University of British Columbia, [9] and currently works as a mortgage broker for Integra Mortgage. He is in a relationship with fellow curler Erin Pincott. [10]
A mortgage banker is tied to one financial institution, while a mortgage broker works independently of lenders. As a result, mortgage brokers can help you compare options from various lending ...
A mortgage broker can save you money on the loan itself: Brokers have access to a broader mix of loans and lenders (including some you wouldn’t have access to as an individual). So they may be ...
The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.
The mortgage broker originates the loan; however, the funding of the loan as well as the decision on the creditworthiness of the loan is handled by the wholesale lender. [2] The name of the wholesale lender typically appears on the loan documents, while the broker acts as an agent for the lender and collects a fee. [3]
The top 10 largest lenders by number of mortgages originated last year are: United Wholesale Mortgage : This lender originated 294,000 loans worth nearly $108.5 billion in 2023, according to HMDA ...
Bank vs. non-bank mortgage lenders. A non-bank mortgage lender is simply a lender that doesn’t deal with consumer deposits. It might be an independent mortgage company, an online lender or both. ...
Homebridge Financial Services, Inc. (previously known as Real Estate Mortgage Network), [1] is a privately held, non-bank loan company based in the United States. The company currently comprises approximately 3,000 associates and over 250 retail branches.
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