Mortgage Banker

Business, Legal & Accounting Glossary

Definition: Mortgage Banker


Mortgage Banker


Full Definition of Mortgage Banker


mortgage banker is a company that originates mortgage loans.

In the United States in the late 2000s, mortgage banking companies were strained to the breaking point. Too much credit extended to too many customers combined with too little creditworthiness among those customers threatened to, and eventually managed to, bring down some of America’s largest mortgage bankers. These conditions primarily led to the bear market of 2008.


Related Phrases


Mortgage
Loan originator
Mortgage service company
Mortgage company
Real estate transaction
Subprime mortgage debacle


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March 29, 2024 https://payrollheaven.com/define/mortgage-banker/.
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https://payrollheaven.com/define/mortgage-banker/ (accessed: March 29, 2024).
American Psychological Association (APA):
Mortgage Banker. PayrollHeaven.com. Retrieved March 29, 2024
, from PayrollHeaven.com website: https://payrollheaven.com/define/mortgage-banker/

Definition Sources


Definitions for Mortgage Banker are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 6th August, 2021 | 0 Views.