If you’re looking for a mortgage loan or mortgage refinancing in Massachusetts, you can get competitive offers from a number of banks, credit unions and lending institutions through a mortgage broker. Massachusetts mortgage brokers are overseen by the Consumer Affairs and Business Regulation unit of the Massachusetts Division of Banks and adhere to strict standards of ethics and professionalism. In addition to receiving their mortgage brokers license through the National Mortgage Licensing System, which sets the standards for continuing education and other qualifications, mortgage brokers in Massachusetts must meet other requirements according to state law. For example, mortgage brokers in Massachusetts must furnish three letters of professional reference—including one from a bank—and must submit two years of personal financial statements. This ensures that all mortgage brokers in Massachusetts are reputable and fiscally responsible.
In spite of the stringent standards for experience and education, Massachusetts mortgage brokers are not required to maintain a physical office in the state. Out-of-state mortgage brokers can still do business in the state, but must submit record keeping plans and have an approved attorney or registered agent in the state.
You can begin your search for a mortgage broker in Massachusetts by browsing our listing of mortgage brokers by location below. We’ve also included business hours, office locations, contact information and a brief overview of mortgage lending services offered by each broker. Choose two or three mortgage brokers that appeal to you and compare their offers for the best rate. |
