A mortgage banker operating as a correspondent lender typically does not have his own funds to lend, so he establishes a line of credit with commercial banks that is called

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12-04-2022
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A mortgage banker operating as a correspondent lender typically does not have his own funds to lend, so he establishes a line of credit with commercial banks that is called

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ayfat23 ayfat23 · Answer 1 · 2022-04-19T12:46:24+02:00

A mortgage lender is a mortgage banker operating as a correspondent lender who establishes a line of credit with commercial banks.

What is mortgage lender?

A mortgage lender serves as a financial institution which offers and underwrites home loans.

These mortgage Lenders posses some specific borrowing guidelines and they do establishes a line of credit with commercial banks.

Learn more about mortgage lender at;

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