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.
Mortgage Broker Tools New Homeowners Program Home buyers and sellers say changes will destroy Denver’s affordable housing program – Knowing that the Office of Economic Development appears to have made up its mind about a 35-percent front-end ratio for all buyers coming into the program, companies like thrive home builders have.