What service does a mortgage broker typically provide?

A mortgage broker primarily serves as an intermediary who connects buyers seeking loans with lenders willing to provide those funds. Their role is to assess the borrower’s financial situation and help them navigate the mortgage market to find the best loan options available to meet their needs. The broker does not represent buyers in legal disputes, provide legal advice, or assess the value of properties, which are functions typically associated with other professionals in the real estate field. By focusing on the selection and negotiation of mortgage terms on behalf of the buyer, the broker helps facilitate the loan process efficiently.