Mortgage Lenders

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FLORIDA REAL ESTATE SALES ASSOCIATE COURSE

Types of mortgages

Section 49 of 72

A mortgage lender is a company that loans its own money to borrowers. They handle the entire loan process in-house: they originate the loan, process the paperwork, underwrite the risk, and fund the loan at the closing table using their own cash or credit lines. Once the loan is closed, a mortgage lender will typically sell the loan to a secondary market investor (like Fannie Mae or Freddie Mac) to replenish their funds so they can lend to the next borrower.