Finance
A mortgage broker differs from a mortgage banker in that a mortgage broker:
AUses its own funds to originate loans
BActs as an intermediary connecting borrowers to lenders without funding the loan✓ Correct
CCan only originate FHA and VA loans
DDoes not need to be licensed
Explanation
A mortgage broker acts as an intermediary — originating and processing loan applications and connecting borrowers with lenders — without using its own funds. A mortgage banker uses its own funds to originate loans.
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