What is the primary function of a mortgage broker?

The primary function of a mortgage broker is to act as an intermediary between borrowers and lenders. This role involves facilitating the loan process by connecting individuals seeking mortgages with various lenders that offer suitable loan products. Mortgage brokers possess extensive knowledge of the lending market, enabling them to advise borrowers on their options based on their specific financial situations. They streamline the application process and help negotiate terms that best meet the needs of both parties.

In contrast, originating loans directly from lenders pertains to a different role typically performed by mortgage bankers, who work for specific financial institutions. Providing legal advice in real estate transactions falls outside the expertise of mortgage brokers and is generally reserved for licensed attorneys. Similarly, appraising property values is a distinct function performed by licensed appraisers, focused on determining market value rather than facilitating the loan process. The role of the mortgage broker is thus crucial in bridging the gap between those seeking financing and those providing it, making option A the correct choice.