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- Mortgage_bank abstract "A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans.In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers. The difference between a mortgage banker and a mortgage broker is that the mortgage banker funds loans with its own capital.Generally, a mortgage bank originates a loan and places it on a pre-established warehouse line of credit until the loan can be sold to an investor, such as Fannie Mae, or Freddie Mac. The process of selling a loan from the mortgage bank to another investor is referred to as selling the loan on the secondary market.Mortgage banks frequently use the secondary market to sell loans because the funds received pay down their warehouse lines of credit which enables the mortgage bank to continue to lend. A mortgage bank is not regulated as a federal or state bank and does not take deposits from consumers or businesses. A mortgage bank raises some equity which it uses to guarantee the warehouse line and the bulk of the funds are provided by the warehouse lender.A mortgage bank can vary in size. Some mortgage banking companies are nationwide. Some may originate a large loan volume, exceeding that of a nationwide commercial bank. Many mortgage banks employ specialty servicers for tasks such as repurchase and fraud discovery work.Their two primary sources of revenue are from loan origination fees, and loan servicing fees (provided they are a loan servicer). Many mortgage bankers are opting not to service the loans they originate. By selling them shortly after they are closed and funded, they are eligible for earning a service released premium. The secondary market investor that buys the loan will earn revenue for the servicing of the loan for each month the loan is kept by the borrower.Unlike a federally chartered savings bank, a mortgage bank generally specializes only in making mortgage loans. They do not take deposits from customers. Their funds come primarily from the secondary wholesale market. Examples of the secondary market lenders most known are Fannie Mae, and Freddie Mac.A company desiring to enter the mortgage business often chooses to be a mortgage banker vs. a mortgage broker primarily to earn yield spread premiums. Mortgage bankers risk their own capital to fund loans and therefore do not have to disclose the price at which they sell mortgage to another company. Mortgage brokers, on the other hand, earning the same yield spread premium disclose the additional fee to the consumer because the yield spread premium becomes an additional fee earned and therefore discloseable under federal and state law.A mortgage bank generally operates under the different banking laws applicable to each state they do business in.Mortgage bankers can be very competitive in mortgage lending as they specialize in only lending, and do not have to factor in subsidizing any losses in other departments, such as traditional banking. At the same time they often do not have the same access to low cost adjustable rate mortgages which are typically associated with federal banks and access to federal money.".
- Mortgage_bank wikiPageID "3467735".
- Mortgage_bank wikiPageLength "4326".
- Mortgage_bank wikiPageOutDegree "23".
- Mortgage_bank wikiPageRevisionID "675594775".
- Mortgage_bank wikiPageWikiLink Bank.
- Mortgage_bank wikiPageWikiLink Capital_(economics).
- Mortgage_bank wikiPageWikiLink Category:Banks.
- Mortgage_bank wikiPageWikiLink Category:Mortgage.
- Mortgage_bank wikiPageWikiLink Collateralized_mortgage_obligation.
- Mortgage_bank wikiPageWikiLink Commercial_bank.
- Mortgage_bank wikiPageWikiLink Consumer.
- Mortgage_bank wikiPageWikiLink Fannie_Mae.
- Mortgage_bank wikiPageWikiLink Freddie_Mac.
- Mortgage_bank wikiPageWikiLink Loan_sale.
- Mortgage_bank wikiPageWikiLink Loan_servicing.
- Mortgage_bank wikiPageWikiLink Mortgage_broker.
- Mortgage_bank wikiPageWikiLink Mortgage_loan.
- Mortgage_bank wikiPageWikiLink Origination_fee.
- Mortgage_bank wikiPageWikiLink Savings_and_loan_crisis.
- Mortgage_bank wikiPageWikiLink Savings_bank.
- Mortgage_bank wikiPageWikiLink Secondary_market.
- Mortgage_bank wikiPageWikiLink Warehouse_line_of_credit.
- Mortgage_bank wikiPageWikiLink Yield_spread_premium.
- Mortgage_bank wikiPageWikiLinkText "Mortgage Bank".
- Mortgage_bank wikiPageWikiLinkText "Mortgage Banking".
- Mortgage_bank wikiPageWikiLinkText "Mortgage bank".
- Mortgage_bank wikiPageWikiLinkText "Mortgage bank, Mortgage banker".
- Mortgage_bank wikiPageWikiLinkText "fully".
- Mortgage_bank wikiPageWikiLinkText "mortgage bank".
- Mortgage_bank wikiPageWikiLinkText "mortgage companies".
- Mortgage_bank wikiPageWikiLinkText "mortgage".
- Mortgage_bank wikiPageUsesTemplate Template:Globalize.
- Mortgage_bank wikiPageUsesTemplate Template:Multiple_issues.
- Mortgage_bank wikiPageUsesTemplate Template:Refimprove.
- Mortgage_bank wikiPageUsesTemplate Template:Reflist.
- Mortgage_bank subject Category:Banks.
- Mortgage_bank subject Category:Mortgage.
- Mortgage_bank hypernym Bank.
- Mortgage_bank type Bank.
- Mortgage_bank type Company.
- Mortgage_bank type PersonFunction.
- Mortgage_bank type Bank.
- Mortgage_bank type Company.
- Mortgage_bank type Investor.
- Mortgage_bank comment "A mortgage bank is a bank that specializes in originating and/or servicing mortgage loans.In the US a mortgage bank is a state-licensed banking entity that makes mortgage loans directly to consumers.".
- Mortgage_bank label "Mortgage bank".
- Mortgage_bank sameAs Q2627780.
- Mortgage_bank sameAs בנק_למשכנתאות.
- Mortgage_bank sameAs Hypotheekbank.
- Mortgage_bank sameAs Bank_hipoteczny.
- Mortgage_bank sameAs m.09f18z.
- Mortgage_bank sameAs Ипотечный_банк.
- Mortgage_bank sameAs Іпотечний_банк.
- Mortgage_bank sameAs Q2627780.
- Mortgage_bank wasDerivedFrom Mortgage_bank?oldid=675594775.
- Mortgage_bank isPrimaryTopicOf Mortgage_bank.