Mortgage Banker
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.
What it is
A mortgage banker lends its own money to fund your loan, then may sell it later. Unlike a broker, it uses in-house funds.
That can speed some parts of the process.
Banker vs. broker
A banker offers its own products, while a broker shops many lenders for you. A broker often finds more choices.
As a broker, we compare many lenders for you. Apply now and we will shop your loan widely.
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Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.