Understanding the Role of Exchange Brokers in the Mortgage Industry
From the perspective of a private mortgage loan servicing company, this article discusses the role of exchange brokers in the mortgage industry. Exchange brokers act as intermediaries between buyers and sellers of mortgage-backed securities, and their services are used by both small and large institutional investors. Exchange brokers typically earn a commission on each transaction they facilitate. The article describes the different types of exchange brokers and their respective strengths and weaknesses. It also provides an overview of the regulatory landscape surrounding exchange brokers.