Why do mortgage brokers normally have no risk in the mortgage process?

Mortgage brokers typically have no risk in the mortgage process because they act as intermediaries between borrowers and lenders, facilitating the loan application and approval process without using their own capital. Their primary role is to connect clients with suitable mortgage products, earning a commission or fee for their services. Since they do not fund the loans themselves, they are not exposed to the financial risks associated with loan defaults or market fluctuations. This structure allows them to focus on matching borrowers with lenders without taking on the inherent risks of the mortgage itself.