Perfil de usuario

Jennell Atilano

Breve currículum

The primary difference between the 2 types of loan providers such as 1) Mortgage Broker - they originate loans with the intent of selling them to wholesale financing organizations; 2) Mortgage Banker - they are loan providers that are huge enough to originate loans plus bundle swimming pools of loans that they then sell to one of the huge three financing institutions - Fannie Mae, Ginnie Mae, or Freddie Mac, and likewise jumbo loan investors. The broker gets a lower rate from the loan provider and then the broker will add onto that rate his cost. An advantage of utilizing a mortgage broker is that some of the most extremely certified loan officers in the company work for mortgage brokers.

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