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Why Use a Mortgage Broker?

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Uploaded by on Sep 26, 2006

Educational video on the value of a professional mortgage broker

Category:

News & Politics

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License:

Standard YouTube License

  • likes, 4 dislikes

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Uploader Comments (kimdebroux)

  • Comparing a mortgage broker to an attorney is false and deceptive.

    A mortgage broker does NOT have fiduciary responsibilities to the consumer.

  • I am licensed by the department of real estate and I have a fiduciary responsibility to every client I work with. I am a Certified Mortgage Planning Specialist, I belong to the National Association of Responsible Loan Officers, the National Association of Realtors, California Association of Realtors, Pacific West Association of Realtors and the Sacramento Association of Realtors, all of whom have ethics in practice oaths.

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All Comments (13)

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  • Not that informative.

    They take some work for you if you want them to as a buyer and they may buy loans wholesale creating the opportunity for a middleman, but that's really all they are. Might be a good deal, but I'm not convinced you can't deal directly with a lender and remove this fee from the process.

  • She'd be great in porn

  • Wow ...great vid ;( It might of made more sense to record it in spanish ....since everyone else can see through the crap. Now get back to your auto window tinting business and drink up the Mona Vie.

  • Great promo, well thought out, great graphics and very informitive. Who put it together for you?

  • I second that ! Every industry has a few bad apples, those are now gone. Dont blame others for your financial shortcomings

  • Excellent video! The remaining brokers in the profession will lead the way.

  • Your statements are not true.  You are probably one of those non-professionals who have a low credit score and blame other people for you problems. Claiming all brokers are bad is a lie.

  • This could be the funniest thing I've seen all year. Funnier than Super Bad. Brokers have fiduciary responsibility? Yeah, to themselves. They make money by charging you as much as they can over the "par rate", which is the rate the direct lenders offer to provide a loan. I like how she equates a broker to an accountant or attorney. Brokers only responsibility is to write loans and make money.

  • They are Thieves is closer to the Truth.

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