Mortgage Lenders
Mortgage lenders are financial
institutions that originates (buys) mortgages primarily for
resale. Mortgage lenders are involved in acquiring and placing
mortgages. These mortgages come either directly from individuals and
business or more typically through builders and real estate agents. In
turn the mortgage lender locates institutional and other investors for
the mortgages. Although mortgage lenders do not typically hold mortgages
for the ultimate investors. This involves receiving payments and
following through delinquencies. For this service they receive fees.
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