What is the term for the person or organization that acts as an intermediary to obtain financing?

Prepare for the VanEd National Real Estate Exam. Study with interactive quizzes and detailed explanations. Get ready to ace your test with confidence!

The term for the person or organization that acts as an intermediary to obtain financing is a mortgage broker. A mortgage broker works with borrowers to help them find the best mortgage products and rates available, coordinating with various lenders to facilitate the financing process. This role involves assessing the borrower's financial situation, helping them complete the necessary paperwork, and guiding them through the loan application process.

Other options do not fill this specific role effectively; a real estate agent primarily focuses on buying and selling properties and does not specialize in financing. An investor typically provides capital or funding for real estate transactions but does not act as an intermediary in securing financing. A brokerage firm generally refers to a company that employs agents, but it does not specifically refer to the function of obtaining financing. Thus, mortgage broker is the most accurate term for an intermediary focused on financing.

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