A direct mortgage lender. No middlemen here. A mortgage banker or lender funds loans in his or her own name and is usually more competitive than a broker in terms of "points" and "fees".
A company or individual that originates and funds mortgages, which are then sold in the secondary market.
An entity that originates mortgage loans with its own funds.
A firm that originates mortgages for sale to investors in the secondary market.
A corporation or firm which makes delivers and services mortgage loans.
A firm that supplies its own funds for mortgage loans which are later sold to permanent investors. Usually they continue to service the loans for a specified fee.
One who originates mortgages with the intent to sell them to permanent investors with an agreement that the originator service these loans for the investor.
A company or individual who creates mortgage loans, sells them to other investors and handles mortgage-related services.
Company that uses its own money to provide home loans and then usually sells them to investors (insurance companies) and Fannie Mae.
A type of financial institution that does not directly have deposit accounts but borrows money from other banks or savings institutions for the purpose of making mortgage loans. A mortgage banker typically sells all of its loans to investors in the secondary market.
The company or person making a mortgage loan directly, closing and funding the loan.
Same as mortgage company.
he/she finds you a loan based upon the package of your financial information and gets a lender to loan to you. A person whose principal business is the originating, financing, closing, selling and servicing of loans.
A company that provides mortgage financing with its own funds and actually lends money to a customer.
A banker that issues mortgages for resale in the secondary market.
An entity that makes loans with its own money and then sells the loan to other lenders.
A company that originates mortgages with its own funds or for resale on the secondary market.
a big mortgage lender who has the capacity to generate and originate mortgage loans and loan pools on their own
a company or a corporation
a company whose principal or significant
a corporation, partnership, limited liability company
a knowledgable person able to answer specific questions as well as lead a person in the right direction concerning financial loans
a lender that is large enough to originate loans and create pools of loans that they sell directly to major mortgage lending institutions (i
a lender who directly makes real estate loans to consumers
a lender who not only originates their own loans but also does the underwriting, approval, provides the funds and services the loan
a lender who not only originates their own loans but also underwrites, approves, funds and services them
a non-depository entity whose sole function is to place or refinance mortgage loans using its own funds
a person or compnay tyhat is contracted to originate, finance, close
A company providing mortgage financing with its own funds. These funds are usually borrowed and the financing is either short term or, if long term, the mortgages are sold to investors within a short time.
A mortgage company with their own money, which funds under their own name with their own funds. Most often after escrow, your loan will be sold to an investor by the mortgage banker.
A company that uses its own funds to conduct real estate lending transactions.
Mortgage Bankers supply a secondary money market to the real estate industry and maintain a steady flow of money throughout the country. Institutional investors buy notes and mortgages from Mortgage Bankers, but the Mortgage banker generally continues to service the mortgages.
A person whose principal business is the originating, financing, closing, selling, and servicing of loans secured by real property for institutional lenders on a contractual basis.
A lender who originates loans for sale to other investors. See also secondary market.
The lender or one making the loan in a mortgage contract.
One who originates mortgages exclusively for resale on the secondary mortgage market.
A financial institution that originates, services, and sells primary and secondary loans to investors.
An individual or corporation that originates, services and sells mortgage loans.
A person or entity that makes mortgage loans, services them but often sells them to investors.
A company that originates mortgages. They loan you their funds and close the loan in their name, then resell the loan in the secondary mortgage market.
A Mortgage Banker controls the entire mortgage process from origination through funding. Mortgage Bankers fund loans with their own resources and generally sell their closed loans on the secondary market to investors.
A financial middleman who, in addition to bringing borrowers and lenders together, makes loans, packages them, and sells the packaged loans to both primary and secondary investors. Also may service the loan after it has been sold for a percentage of the balance paid to the investor.
Financial intermediaries that originate mortgage loans through loan officers or independent mortgage brokers and sell the mortgages into the secondary mortgage market.
Originates mortgage loans, and sells the loan after closing.
One who originates, sells, and services mortgage loans. Most loans are insured or guaranteed by a government agency or private mortgage insurer. (See mortgage insurance)
A lender, other than a bank, credit union, or savings and loan, that specializes in making residential mortgage loans.
A company that specializes in originating real estate loans, and typically uses its own funds or warehouse line of credit to close loans.
An entity that originates and funds, then sells and services mortgage loans.
A lender that originates and funds, then sells and services mortgage loans.
A specialized lending institution that lends money solely with respect to real estate and secures its loans with mortgages on the real estate.
A firm or individual active in the field of mortgage banking. Mortgage bankers, as local representatives of regional or national institutional lenders, act as correspondents between lenders and borrowers. Mortgage bankers need to borrow the funds they lend out.
A company that provides home loans using its own capital, then usually sells the loans to investors.
An entity that wholesales loan funds to mortgage brokers, services loans, and trades the loans as securities to Fannie Mae, Freddie Mac, or Ginny Mae.
A financial institution that provides primary and secondary mortgages to home buyers.
a firm, individual, or corporation that originates, sells and/or services loans secured by mortgages on real property.
An individual who finds and offers financing for the general public through one institution's guidelines and products.
A lender who makes loan agreements, than sells the loans to third parties, but continues to handle the loans.
A lender that originates, closes, services and sells mortgage loans to the secondary market.
A non-depository financial institution that specializes in originating and servicing loans. They generally sell their loans to investors, but may continue to service them.
One who originates home loans, sells them to investors, services monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
A person, corporation or firm not otherwise in banking and finance that normally provides its own funds for mortgage financing as opposed to savings and loan associations or commercial banks that use other people's money; namely that of their depositors--to originate mortgage loans. Although some mortgage bankers do supply permanent long-term financing, the majority specialize in supplying short-term and interim financing, either through their own resources or by borrowing from commercial sources. Mortgage Bankers Association of America Website
A professional who works for a mortgage loan company that originates, services and sells loans to investors.
Originates mortgage loans, loaning you their funds and closing the loan in their name.
A lending institution specializing in real estate secured loan transactions.
A mortgage banker is a company that originates, processes, underwrites, and funds loans in their name. Depending on the size of the company, they may service the loan or sell it to a larger company after the loan is closed.
A financial institution who directly funds home loans, sells them to investors, arranges monthly payments and handles escrow. Some mortgage bankers sell their loans on the secondary market.
A company that originates mortgages exclusively for resale in the secondary market.
A financial middleman who, in addition to bringing borrower and lender together, makes loans, packages them, and sells the packages to both primary and secondary investors. Usually the mortgage banker continues to service the loan (collect debt service, pay property taxes, handle delinquent accounts, etc.) even after the loan has been packaged and sold. For this management service a small percentage of the balance paid to the investor goes to the mortgage banker. Quite often the loan origination fee or finder's fee charged the borrower is more than offset by a lower interest rate from a lender not directly accessible to the borrower.
A firm that conducts mortgage lending activities from its own funds. Newly formed mortgages are sold to investors in the secondary market, providing funds for subsequent lending. The mortgage banker generally continues to service the loans.
Semi fiduciary financial intermediary who originates new mortgage loans, collects payments, inspects the collateral and forecloses, if necessary.
A company that provides home loans using its own money. The loans are usually sold to investors such as insurance companies and Fannie Mae.
An individual who originates mortgages for resale in the secondary mortgage market.
A thrift institution which makes mortgage loans.
A company that originates mortgages for sale into the secondary mortgage market (see FANNIE MAE and FREDDIE MAC).
This is the person or firm who originates and services mortgage loans.
a mortgage banker acts as principal or as an intermediary in securing all types of real estate financing. For example, a mortgage banker can often provide or otherwise secure first or secondary mortgage financing, mezzanine loans, equity loans or other forms of equity financing.
the primary company that provides the loan then sells that loan to a secondary lender such as Fannie Mae, Freddie Mac, or Ginnie Mae
A financial intermediary that originates or funds loans, collects payments, inspects the property, and forecloses if necessary. The main difference between a mortgage banker and a loan officer is a banker funds their own loans and sell them on the secondary market, usually to Fannie Mae, Freddie Mac, or Ginny Mae.
A banker who specializes in real estate mortgage finance
The lender that originates the mortgage loan; the one making the loan directly and closing the loan. Back
A company that originates home loans using its own money and packages them for resale in the secondary market.
A company which resells mortgages in the secondary market.
An individual, firm or corporation that originates sells/or services loans secured by mortgages on real property.
An individual or company that originates and/or services mortgage loans.
An entity that originates mortgage loans, sells them to investors, and services the loans.
A banker can originate mortgage loans, lend you their own funds and close the loan in their own name. They may, or may not, elect to service the loan.
Return To Glossary Index Originates (initiates) mortgage loans, lends their funds and closes the loan in their name.
A company (or person) that lends money to home buyers. Mortgage bankers take on all the tasks related to lending money, such as gathering the funds for the loan, approving the borrower and closing the loan. Since mortgage bankers, unlike a bank, don't follow as many governmental rules and are loosely supervised by state laws, they're called "non-institutional" lenders. A mortgage company can be both a mortgage banker and a mortgage broker.
A mortgage banker originates, closes, services and sells the loan. It is the lender who deals regularly with the secondary market.
A company that originates its own mortgages exclusively for resale on a secondary market.
Originates and services mortgage loans, funding them with their own money.
A firm or individual that originates mortgages, using their own funds, for resale in the secondary mortgage market. The mortgage banker may service some loans they originate.
A company which originates mortgages for resale in the secondary mortgage market.
An entity that makes loans with its own money and them sells the loans to other lenders.
The lender in a mortgage contract, or the one making the loan directly.
An intermediary that originates loans to permanent investors.
A person who originates loans and also handles financing, closings, selling and servicing of loans for institutional lenders on a contractual basis.
a company that originates loans and resells them to secondary mortgage lenders like :Fannie Mae or Freddie Mac.
An individual who originates loans to borrowers using funds from his or her own institution.
For a more complete discussion of mortgage banker, see "Types of Lenders." A mortgage banker is generally assumed to originate and fund their own loans, which are then sold on the secondary market, usually to Fannie Mae, Freddie Mac, or Ginnie Mae. However, firms rather loosely apply this term to themselves, whether they are true mortgage bankers or simply mortgage brokers or correspondents.
A party who originates, sells and services mortgages. A mortgage banker is distinct from a mortgage broker in that servicing of the loans or collecting of the principal, interest, taxes and insurance is performed.
A company who is a direct lender but does not retain loans they have made. They use a line of credit to fund loans and immediately sell the mortgage, at closing or within a matter of days, to another lender at which time the borrower will receive a "Goodbye Letter" announcing who they will be sending payments to. Mortgage Bankers do not service loans.
One who has expertise in originating mortgage loans, servicing mortgage loans, and selling mortgage loans to investors.
An individual or company that uses it's own funds to make and/or service mortgage loans.