FormsHound.com

Brokerage Agreement Regarding Negotiating Loan and Receiving Placement Fee

A lender funds the loan, may service the loan payments, and ensure the loans' compliance with underwriting guidelines. The mortgage broker, on the other hand, originates the loan. A detailed application process, financial and credit worthiness investigation, and disclosure requirements must be completed in order for a lender to evaluate a loan request. The broker simplifies this process for the borrower and the lender, by conducting this research, counseling consumers on their loan package choices, and enabling them to select the right loan for their needs.

(more...)


Download: Brokerage Agreement Regarding Negotiating Loan and Receiving Placement Fee

Available from: USLegalForms.com

SKU: US-01513BG

NOTICE: The information and links contained on this web page are intended only to be merely informative and are NOT intended to provide legal advice to any person/entity. Consult with and seek the advice of a qualified lawyer. E.&O.E. Click here for important legal disclaimer.