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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.

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.

Related program: Learn more →

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Official resources

Verify the details for your own situation against these government and agency sources: CFPB Owning a Home guide and HUD homebuyer resources.

Related Mortgage Terms

Mortgage BrokerA mortgage broker is a licensed intermediary who shops multiple wholesale lenders to find a borrower the best rate and program.Mortgage InsuranceMortgage insurance protects the lender against loss if the borrower defaults, and is required on low-down-payment loans.Mortgage Insurance Premium (MIP)Mortgage insurance premium (MIP) is the insurance charged on FHA loans, paid both upfront and annually.
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