Mortgage broker Meaning and Definition
Mortgage Broker
Pronunciation
/ˈmɔr.tɪdʒ.broʊ.kaɹ/
Part of Speech
Noun
Definition
A person or company that facilitates the lending of money to individuals or organizations to purchase or refinance a property.
Etymology
The term “Mortgage” originates from the Old French “mort gage,” meaning “dead pledge,” and the term “Broker” comes from the Middle English “brok,” meaning “agent” or “representative.”
Usage Notes
When referring to a Mortgage Broker, it is common to use the phrase “mortgage originator” in the United States.
Cultural References
The term “Mortgage Broker” has been featured in various TV shows and movies, including the popular sitcom “The Office.”
Idiomatic Expressions or Phrases
- “Up to the mortgage broker to decide”
- “Mortgage broker approved me for a loan”
Related Words or Phrases
- Bank
- Loan Officer
- Financial Advisor
Collocations
- Mortgage broker and real estate agent
- Mortgage broker and financial institution
Frequency of Use
The term “Mortgage Broker” is commonly used in real estate and financial contexts, with a frequency of around 1 in 1000 occurrences in spoken and written language.
Common Misspellings
- Morgage broker
- Mortgag broker
- Mortagage broker