What is a mortgage broker?

A mortgage broker acts as an intermediary who facilitates the process of obtaining mortgage loans by connecting lenders with potential borrowers. This role involves assessing the needs and financial situations of the borrowers to recommend suitable loan options from various lenders. The mortgage broker does not lend money directly; rather, they assist in finding the right lender that matches the borrower's requirements, streamlining the mortgage application process.

In this context, while the other options describe various financial roles, they do not align with the specific duties and functions of a mortgage broker. For example, selling insurance policies pertains to insurance agents, assessing loan applications is typically the responsibility of bank representatives or loan officers, and advising on investment strategies relates to the work of financial advisors. Each of these roles is distinct and does not encompass the intermediary function that characterizes a mortgage broker's responsibilities.