What is a mortgage broker? What is the role of a mortgage broker? What is the difference between mortgage brokers and mortgage bankers? What is the difference between mortgage broker, mortgage banker, Full-Eagle Mortgage Banker, direct lender, correspondent lender, and mini-correspondent lender? How Do Mortgage Brokers Get Compensated? How do mortgage bankers get compensated? How do full-eagle bankers get compensated? How do direct lenders get compensated? How do correspondent and mini-correspondent lenders get compensated? What is yield spread premium? How do mortgage companies get compensated?

• This discussion was modified 4 months, 3 weeks ago by  Gustan Cho.

What do mortgage lenders mean by borrower paid versus lender paid compensation in mortgage loan transactions. Why does the borrower need to pay discount points on borrower paid compensation and does not pay any upfront discount points on lender paid compensation.