What does Mortgage Banker mean?

A mortgage banker is a professional who works for a bank or other financial institution and specializes in originating, underwriting, and servicing mortgages. A mortgage banker may work directly with borrowers, helping them to find the best mortgage loan for their needs, or may work with other lenders, such as mortgage brokers, to find and fund loans. Mortgage bankers are typically licensed and regulated by state and federal governments, and are subject to strict rules and regulations to ensure that they operate ethically and in the best interests of borrowers.

Related Terms

Consumer Credit Counseling Service (CCCS) VA Down Payment Turnkey Neo-Traditional Planning Commitment Density Test Breach of Contract Amortization Tables Sublease Lead paint disclosure Programming Procurement of Supplies / Services Examination of Title Concession Encumbrance Semi-Custom Home Mortgage Insurance