Upfront Mortgage Broker UMB

Definition

A mortgage broker who charges a set fee for services provided, established in writing at the outset of the transaction, and acts as the borrower's agent in shopping for the best deal.

For articles on UMBs, see Upfront Mortgage Brokers.

UMBs are listed at List of Upfront Mortgage Brokers.

Related Terms

Other terms related to 'Upfront Mortgage Broker UMB' starting with the letter 'U'

Underwriting, Underwriting requirements, Underage, Upfront Mortgage Lender

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