It can get confusing understanding the difference between a mortgage specialist and mortgage broker and deciding who to work with for the purchase of your future home. A mortgage broker works independently and is able to have access to several institutions and their rates. This allows a home buyer to have many options when selecting a mortgage that fits their needs. A mortgage specialist works under one institution and offers their clients mortgage options from their organization. There is less paperwork involved as the transactions take place within the company. For a more detailed look into the difference between the two, take a look at this comparative chart here.