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Mortgage Banker

Definition - What does Mortgage Banker mean?

A mortgage banker is a banker or other person that creates loans that act as mortgages. The federal government has oversight over all mortgage banking laws and all companies that work in this field must gain government certification to operate.

Justipedia explains Mortgage Banker

A mortgage banker is different from a mortgage broker because the mortgage banker originates the loan for their direct organization. A mortgage broker will shop around and will work with more than one lender.

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