Mortgage Broker Agreement Template Page 3
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3compensation or realize any undisclosed remuneration, through direct or indirect means, that
inures to the benefit of the mortgage broker company on an expenditure made for the applicant.
C.
The mortgage broker company shall carry out all lawful instructions given by the
applicant.
D.
The mortgage broker company shall disclose to the applicant all material facts of which
the mortgage broker company has knowledge that might reasonably affect the applicant’s rights
or interests or ability to receive the applicant's intended benefit from the residential mortgage
loan, but not facts that are reasonably susceptible to the knowledge of the applicant.
E.
The mortgage broker company shall present loan options in an objective and unbiased
manner and disclose the advantages and disadvantages of each loan option.
F.
The mortgage broker company shall use reasonable care in performing the mortgage
broker's duties.
G.
The mortgage broker company shall account to the applicant for all money and property
received by the mortgage broker company as the applicant’s agent.
This agreement does not contain an automatic renewal provision. Any extension or
modification of this agreement shall be approved in writing by the mortgage broker
company and the applicant.
By signing below, you acknowledge receipt of a copy of this agreement and acknowledge
that you have read and understand the agreement.
Applicant: Do not sign this form if spaces are left blank.
Applicant _______________________________________
Date ___________________
(Signature)
Applicant _______________________________________
Date ___________________
(Signature)
______________________________________________________________________________
Print Name of Mortgage Loan Originator
Originator’s Unique Identifier
______________________________________________________________________________
Mortgage Loan Originator’s Signature
Date
Ver 11/ 2010
Page 3 of 3
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