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California Mortgage Broker Engagement Agreement

California mortgage brokers, sign up clients with this ready-made Mortgage Broker Engagement Agreement.
  • The borrower retains the broker as its exclusive agent for obtaining mortgage loan approval from a lender.
  • The broker will obtain a credit report and property appraisal and will prepare the loan application.
  • The agreement sets out how the broker is to be compensated, based on the rate ⁄ fee combination chosen by the borrower.
  • The broker agrees that no hidden compensation will be received from the lender or any other source.
  • The borrower agrees to cooperate and provide the broker with truthful and complete information required for the purpose of the loan application.
  • The broker stipulates that there is no guarantee or promise that the borrower will obtain a mortgage loan as a result of the broker's efforts.
  • The parties agree to binding arbitration in the event of a dispute.
This California Mortgage Broker Engagement Agreement is provided in MS Word format, and is fully editable to meet your specific circumstances.

Download: California Mortgage Broker Engagement Agreement

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Canadian Law Resources: (14-Apr-2018) E.&O.E.

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