Business and Personal Finance Dictionary

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• UPFRONT MORTGAGE BROKER (UMB)
  
  A mortgage broker who charges a set fee for services provided, established in writing at the outset of the transaction, and acts as the borrower's agent in shopping for the best deal. For articles on UMBs, see Upfront Mortgage Brokers. UMBs are listed at List of Upfront Mortgage Brokers.
  
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