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How to Become a Mortgage Broker (Now with Infographic) –  · Before we delve in the step-by-step process of how to become a mortgage broker, let’s review the crucial position that brokers take in the field. What does a mortgage broker do? Mortgage brokers are an essential element in the real estate industry processes, serving as the connecting point between buyers and lending institutions.

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Difference Between a Mortgage Banker vs. a Mortgage Broker – A mortgage broker doesn’t represent one institution, but works with many to shop for a loan for a specific individual. The banker is a direct lender. The broker is a middleman between you and the lender. The jobs are similar and the federal Bureau of Labor Statistics lists both as "loan officers" with similar functions and pay.

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