Mortgage Brokers

Nevada and California Mortgage Brokers

Often, people confuse mortgage brokers with lenders. A Nevada mortgage broker offers the loan products of various lenders, while a lender provides the actual loan money to the borrower. Essentially, a mortgage broker is a loan provider who serves as a liaison between borrowers and lenders.

Mortgage brokers accept applications from borrowers and seek to lock in rates and terms with lenders. They also provide required Nevada  and California State and federal disclosures. Additionally, brokers gather all necessary documents, including, but not limited to, credit reports, employment verifications, asset disclosures, and property appraisals. Once an application file is deemed complete, the mortgage broker submits it to the appropriate lender, who then handles loan approval and disbursement.