Investor Glossary-mortgage bankerInvestor Glossary-mortgage bankerInvestor Glossary-mortgage bankerInvestor Glossary-mortgage bankerInsightful stock market charts - Click here
Categories    # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Mortgage Banker

The HTML to link to this page

A mortgage banker is an individual or organization that lends capital to borrowers in the form mortgage loans. The term mortgage banker is often confused with the term mortgage broker. Unlike a mortgage banker, the mortgage broker acts only as an intermediary between borrower and lender, never lending funds of its own. A mortgage banker can act as a mortgage broker by originating a loan funded by another mortgage banker. Because a mortgage banker typically has bank charter, it is more heavily regulated than a mortgage broker. In the US, because of the potential conflict of interest the mortgage banker, like every US bank, is prohibited from brokering the purchase and sale of real estate. When a mortgage banker originates a loan, it can either keep the loan on its balance sheet by servicing the loan itself, or it can reassign the mortgage by selling it on the secondary mortgage market.

Rate this mortgage banker definition...

Learn about investing with the Investor Glossary Term of the Day

Click here for insightful stock market charts. Where is the market headed? The answer may surprise you. Find out
with the exclusive & Barron's recommended charts of Chart of the Day.

Popular Terms: APR, required rate of return, in escrow, per diem, stock split, cancelled check, labor relations, liquidity ratio, inflation, 401a, limit order, risk management, Key Rate Duration, retained earnings, FICO score, quality assurance, 144a, real GDP, command economy, dividends payable, deferred revenue, class C shares, stock market close, deferred tax, balance sheet, reverse mortgage, phantom income, ex-dividend, option premium, LIBOR, annual return, debt service coverage, open position, 1035 exchange, current ratio, EBITDA, implied volatility, average price per share, wholly-owned subsidiary, Zero Cost Collar, irrevocable trust, ex-dividend date, FTSE, diluted share, covered put, minority interest, VIX, 1031 exchange, margin rate

Accounting | Banking | Bonds | Brokers | Economy | Futures | Mutual Funds | Options | Real Estate | Retirement | Stocks | Taxes | Technical Analysis
Investor Glossary | Term of the Day | Suggest a Term | Chart of the Day | Dogs of the Dow
©2004-2016 Investor Glossary - All rights reserved - Terms of Use