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 ?
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.
As the mortgage industry has responded to fluctuations in the market, mortgage banks have focused on process optimization, productivity enhancements, quality of service, automation and reducing their fixed cost base.
Together, the two companies are providing an out-of-box compliance solution to large and small mortgage banks.
Williamson brings more than 20 years of experience in the financial services sector including work with banks, mortgage banks, financial software vendors and in a consulting role.
Jurgen Grieger, President of the Association of German Mortgage Banks, said, "The Pfandbrief is emerging as a compelling investment vehicle for North American institutional investors.
in Conjunction With Association of German Mortgage Banks (VDH)
In the past, many mortgage banks made large expenditures to purchase this type of software solution.
NYSE:PHM) announced today that the International Finance Corporation (IFC) has become a minority investor in Hipotecaria Su Casita, one of Mexico's leading mortgage banks.

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