| 释义 |
mortgage banker Mortgage bankerA company or individual that originates mortgage loans and sells them to investors, while taking care of borrowers' loan payments, records, taxes, and insurance.Mortgage BankerOne 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.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.mortgage bankerOne 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. |