A mortgage broker is a licensed and regulated financial professional who acts as an intermediary between a mortgagor and a potential lender. Many brokers work alongside a host of lenders. A broker’s job is to compare mortgage rates and lenders on the lien holders’ behalf. This can make the borrower’s life much easier as the broker gathers the necessary documents, credit history information, and verifies income and employment, and utilizes all the information gathered to help the borrower apply for the best loans while negotiating terms.