Final answer:
A mortgage broker is an individual who brings borrowers and lenders together for a real estate loan.
Step-by-step explanation:
The statement is False.
An individual who brings borrowers and lenders together for a real estate loan is called a mortgage broker.
A mortgage broker is a middleman who connects borrowers with lenders, helping borrowers find the best loan options and lenders find qualified borrowers. They gather necessary financial information and documents from the borrower and submit it to multiple lenders to find the most favorable loan terms.