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  2. Correspondent lender - Wikipedia

    en.wikipedia.org/wiki/Correspondent_lender

    A correspondent lender originates, and unlike a mortgage broker, underwrites, and funds mortgage loan using their own funds. [1] The initial loan is usually made in the name of the correspondent lender, and then after closing, the loan is either sold to a larger primary lender or on the secondary mortgage market.

  3. How to choose a mortgage lender: 6 tips - AOL

    www.aol.com/finance/choose-mortgage-lender-6...

    There are six main types of mortgage providers: direct lenders, mortgage brokers, correspondent lenders, wholesale lenders, portfolio lenders and hard money lenders.

  4. Types of mortgage lenders and how to choose - AOL

    www.aol.com/finance/types-mortgage-lenders...

    Not all lenders are alike. Here’s how to distinguish them, and why it matters for your mortgage.

  5. Mortgage bankers: Who they are and what they do in home lending

    www.aol.com/finance/mortgage-bankers-home...

    A mortgage banker is tied to one financial institution, while a mortgage broker works independently of lenders. As a result, mortgage brokers can help you compare options from various lending ...

  6. Mortgage broker - Wikipedia

    en.wikipedia.org/wiki/Mortgage_broker

    The nature and scope of a mortgage broker's activities vary with jurisdiction. For example, anyone offering mortgage brokerage in the United Kingdom is offering a regulated financial activity; the broker is responsible for ensuring the advice is appropriate for the borrowers' circumstances and is held financially liable if the advice is later shown to be defective.

  7. Bank of America Home Loans - Wikipedia

    en.wikipedia.org/wiki/Bank_of_America_Home_Loans

    Wholesale Lending offers loans to consumers whose loans are originated by another mortgage broker. These loans are funded and sold by Countrywide but originated by other lenders. Correspondent Lending purchases mortgage loans from other lenders, which include mortgage bankers, commercial banks, savings and loan associations, home builders, and ...

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