loan brokerage

Loan brokerage is a service where a broker acts as an intermediary between borrowers and lenders. The broker helps individuals or businesses find the best loan options based on their financial needs and circumstances, often accessing multiple lenders to compare rates and terms. They assist with the application process, negotiate on behalf of the client, and can streamline the often complex process of securing a loan. In exchange, the broker typically earns a commission or fee for their services. Overall, loan brokers make obtaining a loan easier and help clients find favorable borrowing conditions.