Glossary
Loan broker
A person or firm that arranges financing for a borrower in exchange for compensation.
Roughly ten states license or register commercial loan brokers. In those states it is reasonable to ask for a licence number and verify it before paying anything.
A publisher that earns a referral fee from a lender, takes no borrower fee, and arranges nothing is generally not a broker - the compensation from the borrower is what the statutes turn on.
We are a publisher, not a lender or broker. We never take applications and are never paid by borrowers. Read the full disclosures.