mortgage banker

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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.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Mortgage Banker

One who works for, or, especially, manages, a mortgage bank. Mortgage bankers are responsible for making mortgage loans and ensuring their timely payment. Because they specialize exclusively in mortgage loans, they often have greater access to Fannie Mae, Freddie Mac, or similar federal banking institutions. This gives them access to capital to make loans that they may not otherwise have because they work for non-depository institutions. Very often, mortgage bankers sell the mortgages they issue so as to have easier access to capital without having to wait for the loans' repayments. This in turn allows them to make more mortgage loans. See also: Mortgage-backed securities.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved

mortgage banker

An organization that makes real estate loans that are then resold to another party. The mortgage banker's income derives from the fees it charges to originate and service the mortgages. Sale of the mortgages gives the mortgage banker more funds to use in making additional loans.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.

mortgage banker

One who is not an institutional lender (bank,credit union,etc.) but who loans their own funds for mortgage financing.The mortgage banker might borrow the money on a line of credit, in order to fund the loans, but it is still responsible for providing the cash. Contrast with a mortgage broker,who acts only as an intermediary.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
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The editor's desk
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Lawrenceville, GA, May 23, 2014 --(PR.com)-- The Mortgage Bankers Association of Georgia (MBAG) Board of Governors has elected John David, “J.D.,” Crowe, president of Southeast Mortgage of Georgia, Inc., to serve as 2014-2015 President of the association.
The Mortgage Bankers Association of Georgia Board Elects J.D. Crowe of Southeast Mortgage of Georgia 2014-2015 President
MULTIFAMILY MORTGAGE origination volumes contributed to a 25 percent increase in commercial/multifamily mortgage origination volumes from Q1 2012 to Q2 2012--with lending volume up 39 percent from Q1 2011, according to the Mortgage Bankers Association's (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations.
Multifamily origination volumes continue to rise; delinquencies fall slightly
The Mortgage Bankers Association has argued before Congress that the proposed definition of qualified residential mortgages will wind up forcing more borrowers into using government-backed loans.
Rule to impact FHA
The numbers come from the Bureau of Labor Statistics and were compiled by the Mortgage Bankers Association, which hasn't recorded such low numbers in the industry since August 1997.
U.S. mortgage industry sheds over half its workforce in five years
Type of financial institutions insured: Banks, savings and loans, credit unions, mortgage bankers, finance companies, mortgage servicers.
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Homebridge Mortgage Bankers announced that the company is changing its name to Refinance.com.
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TELECOMWORLDWIRE-13 April 2006-PushMX unveils hosted software office suite for mortgage bankers and brokers(C)1994-2006 M2 COMMUNICATIONS LTD http://www.m2.com
PushMX unveils hosted software office suite for mortgage bankers and brokers

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