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NMLS Study Guide QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026.
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NMLS Study Guide QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026. Portfolio Lender Retail lender (ex. a bank, savings bank, credit union, or mortgage lender) that interacts directly with the borrower and actually makes the loan. If it holds, rather than sells, it's loans, it is called a portfolio lender. Correspondent Lender Generally a smaller lender that takes apps and underwrites and funds loans either with its own money or from a line of credit with a larger lender and, immediately upon closing, sells the loans to wholesale lenders under previously agreed-upon terms.
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NMLS Study Guide QUESTIONS AND 100% CORRECT ANSWERS UPDATED FOR 2025/2026.
