Mortgage Glossary
Mortgage Banker
Defined by Onias Derilus, Mortgage Capital · NMLS# 1859012 · Florida licensed mortgage broker
A mortgage banker is a lender that funds loans with its own money, then often sells them on the secondary market.
What Mortgage Banker means
Unlike a broker who shops multiple wholesale lenders, a banker lends directly and offers its own products. Some firms act as both.
Florida example
A Florida buyer working with a mortgage banker gets that company's own loan programs. A broker, by contrast, compares many lenders' wholesale pricing to find the lowest available rate.
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