Texas Real Estate State Practice Exam 2025 – 400 Free Practice Questions to Pass the Exam

The correct party that acts as an intermediary between the borrower and the lender is the mortgage broker. A mortgage broker facilitates the loan process by connecting borrowers with lenders, helping them find the best loan options based on their financial needs and circumstances. The broker gathers necessary information from the borrower, such as income, credit history, and debt levels, and then presents this information to various lenders. Thus, they play a crucial role in the mortgage process by streamlining communication and ensuring that both parties' needs are met.

While a mortgage banker originates loans directly and operates as a lender, the escrow officer manages the closing process, and the seller isn't involved in the financing aspect of mortgage transactions, it is the mortgage broker who specifically specializes in navigating the landscape of available loan products and lenders on behalf of the borrower. This unique position makes the mortgage broker essential in connecting those seeking financing with the lending institutions.