Their role is to act as a liaison between borrowers and lenders, seeking the best loan deals for buyers.

They do this by carrying out research on mortgage offers and presenting relevant information to the buyer.Mortgage brokers are usually registered financial advisors with their respective associations.

This ensures that their client's money is safe and secure in exchange for the fee they pay.An independent mortgage broker Melbourne negotiate the terms of mortgage loans with the lender and facilitate the application process by providing necessary financial information.

In order to be a mortgage broker, one needs to complete relevant education and training.Brokers are required to obtain legal advice from lawyers experienced in the mortgage process.

It is also necessary for a mortgage broker to comply with state and local laws and follow strict ethics regulations.They need to maintain their license as well as complying with other applicable requirements by the relevant state or locality.

The examinations focus on real estate underwriting knowledge, ethics and money management skills.They need to work well with borrowers, lending institutions and their lender's representatives in order to provide reliable financial services.