mortgage banker
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Mortgage Banker — A company, individual or institution that originates mortgages. Mortgage bankers use their own funds, or funds borrowed from a warehouse lender, to fund mortgages. After a mortgage is originated, a mortgage banker might retain the mortgage in… … Investment dictionary
mortgage banker — A person or firm engaged in the business of dealing in mortgages including their original placement, servicing, refinancing, and resale to other investors. Normally such banker uses its own funds as opposed to a commercial or savings and loan… … Black's law dictionary
mortgage banker — A person or firm engaged in the business of dealing in mortgages including their original placement, servicing, refinancing, and resale to other investors. Normally such banker uses its own funds as opposed to a commercial or savings and loan… … Black's law dictionary
mortgage banker — A company or individual that originates mortgage loans and sells them to investors, while taking care of borrowers loan payments, records, taxes, and insurance. Bloomberg Financial Dictionary … Financial and business terms
Mortgage broker — A mortgage broker acts as an intermediary who brokers mortgage loans on behalf of individuals or businesses. Traditionally, banks and other lending institutions have sold their own products. However as markets for mortgages have become more… … Wikipedia
Mortgage bank — A Mortgage bank specializes in originating and/or servicing mortgage loans. A mortgage bank is a state licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that … Wikipedia
Mortgage Bankers Association — The Mortgage Bankers Association (MBA) is the United States national association representing all facets of the real estate finance industry. Headquartered in Washington, DC, MBA represents over 3,000 member companies nationwide in an industry… … Wikipedia
Mortgage Bankers Association - MBA — The national association that represents the real estate finance industry. The Mortgage Bankers Association, headquartered in Washington is frequently referred to as the MBA. The MBA works to help their members conduct business of single and… … Investment dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… … Black's law dictionary
Mortgage Broker — An intermediary who brings mortgage borrowers and mortgage lenders together, but does not use its own funds to originate mortgages. A mortgage broker gathers paperwork from a borrower, and passes that paperwork along to a mortgage lender for… … Investment dictionary
