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Unless you live under a rock (like I do), you’ve probably heard the term “mortgage broker” get thrown around on more than one occasion. You may have heard good things, and you may have heard bad things. Opinions aside, a mortgage broker is essentially a middleman between the borrower/homeowner and the bank or mortgage lender.
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Comparing the differences in mortgage brokers vs Banks and Mortgage Lenders. Find out which one is best and can save you the most money on your mortgage.
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This non-GAAP financial measure is calculated as noninterest expenses less OREO expenses divided by net interest income plus noninterest income.
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