Mortgage Bank

Definition of "Mortgage Bank"

Same as term Mortgage Company: A mortgage lender that sells all the loans it originates in the secondary market.

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Popular Real Estate Terms

Mortgage Banking Software

Computer software packages designed to serve mortgage banking functions, such as mortgage loan accounting/servicing, loan origination, loan processing ...

Mortgage Servicing

Monitoring and administrating a mortgage lien after it has been made. This may include monthly payments, record keeping, handing tax and insurance rec ...

Servicing

The handling of an account, as a mortgage serviced by a mortgage banker. The periodic, routine maintenance of household items. ...

Commercial Banks

The largest financial intermediaries directly involved in the financing of real estate. Commercial banks act as lenders for a multitude of loans. Whil ...

Mortgage Banker

Person or business that originates mortgages and receives payments. The mortgage banker typically sells these mortgages to investors and obtains servi ...

Secondary Mortgage Markets

Markets in which mortgages or mortgage-backed securities are bought and sold. 'Whole Loan' Markets Versus Securities Markets: Secondary mortgage mar ...

Popular Real Estate FAQ

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