Finance
Which of the following best describes the role of a mortgage broker in California?
AFund mortgage loans using the broker's own capital
BAct as a neutral intermediary between buyers and sellers in a real estate transaction
CArrange loans between borrowers and lenders, earning a commission or fee✓ Correct
DInsure mortgage loans against default
Explanation
A mortgage broker connects borrowers with lenders and earns compensation (points or fees) for arranging the transaction. Unlike mortgage bankers, brokers do not fund loans with their own money.
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