Mortgage Bank


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Mortgage Bank

A bank that primarily or exclusively offers loans to clients to purchase real estate, especially of private residences. The bank loans its own capital to clients and either collects payments (with interest) or sells its loans on the secondary market. Other revenue comes from origination fees and similar fees attached to making loans.

Mortgage Bank

Same as Mortgage Company.
See Mortgage Lender/Mortgage Banks Versus Portfolio Lenders.

References in periodicals archive ?
formed in 1992, has three operating units: Plaza Home Mortgage Bank, Plaza Home Mortgage Servicing Corp.
Preferred owns Wholesale Lending Online (WLO), a leading wholesale mortgage bank with offices in Burlingame, Sacramento and Costa Mesa California, and Las Vegas, Nevada; and Preferred Mortgage Services, a retail mortgage broker with offices in Burlingame, Millbrae, Redwood City, and San Rafael, California and branches in Las Vegas, Nevada and Phoenix, Arizona.
30 /PRNewswire/ -- The Polish-American Enterprise Fund announced that the Polish-American Mortgage Bank -- the first private bank in Poland dedicated to residential lending -- has begun operations.
He continued, "And we believe this new mortgage bank will be a precursor for other participants in developing an important sector of the Polish economy.
The Polish-American Enterprise Fund conceived of and played the leading role in establishing the Polish-American Mortgage Bank and is providing $10 million of its initial capitalization of $16 million, with the remainder provided by the Polish bank Wielkopolski Bank Kredytowy, S.
Speaking for the Polish-American Mortgage Bank, Dr.
She noted, "Being a 'first,' as the Polish-American Mortgage Bank is, presents special challenges, but also special rewards for being in the market early.
Short-term deposits at GMAC Commercial Mortgage Bank are rated 'F2' in keeping with Fitch's view of the superior recovery prospects for depositors due to National Depositor Preference.
Prior to joining Option One as CFO, Gotschall's experience includes 12 years in financial management at banks and mortgage banks, including serving as CFO with several financial services firms.
Cline, whose background includes serving as lead auditor of one of the nation's largest mortgage banks, uses his industry experience to give MBSD clients a distinctive perspective of the risks, challenges and opportunities they face.
He continued, "Although most mortgage banks do due diligence before making an investment in an enterprise system, it often does not meet all business requirements exactly and will need to be interfaced, customized and integrated.
Mortgage Cadence's enterprise lending solution serves multiple lending channels such as wholesale, retail, correspondent and consumer direct, with a target market including mortgage banks, brokers and investors.

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