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California Mortgage Broker Engagement Agreement
CA mortgage brokers, sign up a client for your services with this customizable California 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 prepare the loan application.
- Provisions covering the broker's compensation based on the rate and fee combination that the borrower chooses.
- The broker agrees that no hidden compensation will be received from the lender or any other source.
- The borrower agrees to provide the broker with truthful and complete information as 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.
Download: California Mortgage Broker Engagement Agreement
Related Forms:
Related Categories:
- Downloadable Legal Forms > Mortgage Forms > United States > California
- Downloadable Business Forms > Financial Services Forms
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