Mortgage Bank

Mortgage Bank

Glossary
Banking

Mortgage Bank

A mortgage bank is an institution that predominantly makes mortgage loans. Mortgage banks can keep mortgages on the balance sheet and / or look to offload the assets and / or servicing responsibilities to third parties through outright portfolio sales or securitisation. Mortgage bankers interact directly with clients to approve mortgages, or they work through third-party brokers, who earn a fee on successful mortgage applications.

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