Mortgage Banker
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.
Real Estate Glossary:
401K - E |
F - M |
N - V
