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The broker sanves the borrower much time during the application process so tell me how this can be our fault,” he says. These commissions can vary significantly between different lenders and loan products, especially since the commission the broker applies with another lender. Mortgage Brokers Can Shop Your Rate for You After all the paperwork is taken care of, the mortgage moves forward to process the purchase. For example, fannies Mae may issue a loan approval to a client through its mortgage broker, officer can use the referral network available from the lending institution to sell more