Mortgage Industry has witnessed a high growth rate in recent times. The growth has been fueled by entry of a large number of Mortgage Brokers in the market. Elimination of excessive paper work associated with traditional processing of mortgage loan along with the need to incur substantial cost cuts has led to a rise in the number of companies resorting to Outsourcing Mortgage Processing Services.
Mortgage Broker may be a company or an individual acting as a bridge between borrowers and lenders bringing them together for loan facilitation. The Mortgage Broker acts as a common agent between the borrower and the Mortgage Company. |
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