What is MORTGAGE BANKER?

US term for an entity that originates mortgages and sells them to investors in the secondary mortgage market as its primary function. A mortgage banker derives income principally from origination and service fees, as does a merchant banker.

More On This Topic



Link to This Definition
Did you find this definition of MORTGAGE BANKER helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary