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Mick focuses on originating mortgage loans at a company that has in-house loan processors and underwriters. The options he offers consumers are limited to the products his company offers. What's Mick's position

Respuesta :

In the given scenario Mick's position is Mortage Banker.

A business, person, or organization that originates mortgages is known as a mortgage banker.

Mortgages are funded by mortgage bankers using their own capital or money lent from a warehouse lender.

After a mortgage is created, a mortgage banker may decide to keep it in their portfolio or sell it to an investor.

A mortgage banker may also continue to service a mortgage after it has been originated or they may sell the servicing rights to another financial institution.

The primary function of a mortgage banker is to generate the fees related to loan origination.

The majority of mortgage bankers don't keep the loan in a portfolio.

Hence, In the given scenario Mick's position is Mortage Banker.

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