FAQ: What is the difference between a Mortgage Broker and a Mortgage Banker?

A mortgage broker is the middleman who helps match borrowers with lenders based on corresponding needs and standards. Mortgage brokers arrange more the 80% of all transactions between borrowers and lenders, yet mortgage bankers actually finance and distribute the largest portion of home loans compared to all other lenders.
HomeQuest Mortgage, Inc. is a licensed Massachusetts Mortgage Broker MB2579, Connecticut Mortgage Broker 12670, Rhode Island Mortgage Broker 20041796LB, Maine Mortgage Broker CSO8656 & New Hampshire Mortgage Broker 9895-MBR.