Chapter 11: Applying for a Residential Loan (Colib - Study guides, Class notes & Summaries
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Chapter 11: Applying for a Residential Loan (Colibri Real Estate) Exam 2025 With 100% Correct Answers
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Which of the following is a primary market lender? Federal Housing Administration Mortgage banking company Mortgage broker Veterans Administration - correct answers Mortgage banking company A mortgage banker is a primary market lender, meaning that it originates loans directly to property buyers. Under the traditional distinction between a mortgage banker and a mortgage broker, a mortgage broker negotiates loans, bringing borrowers and lenders together for a fee, but (unlike a mortgage ...
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