mortgage lender

Property loan source

A mortgage lender is a financial institution or individual that provides loans for purchasing real estate, with the property itself serving as collateral.

Banks, credit unions, and specialized mortgage companies all function as mortgage lenders.

We shopped around for a mortgage lender with the best rates.

The lender holds a claim on the property until the loan is repaid.

institution

bank

Place holding deposits

credit unionMember-owned financial cooperative
savings and loanDeposit-taking mortgage lender
building societyMember-owned mortgage institution

commercial bank · community bank · thrift · Fannie Mae · Freddie Mac · secondary market

professional

loan officer

Evaluates borrowing requests

underwriterOne who assumes financial risk
loan processorHandles financing application paperwork
closerOne who concludes

credit analyst · loan servicer · appraiser · notary · debt counselor · account executive · branch manager

mortgage lender

bank

loan officer

mortgage lender

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