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Being either a company or corporation, a mortgage banker loans out its own funds
to borrowers as well as bringing the borrowers and lenders together. The
purpose of a mortgage banker is to sell the primary loan to an investor
whilst continuing the service of the loan if at all possible. Though it
is known for mortgage bankers to sell the loans to secondary markets, this
is not something that happens regularly.
Mortgages Online UK:
With the intention of receiving corporate services and rates, borrowers
tend to go directly to the mortgage bank. Though the one benefit that
the borrower can be assured of is that the mortgage banker is most likely
to offer an attractive loan prospectus and rates as providing mortgage
loans are their primary concern. They cannot afford to let prospect customers
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