Tag Archive for: commercial bank

More Mortgage Concepts Every Agent Should Know

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There are three primary channels through which borrowers can obtain mortgage loans: (1) commercial banks and credit unions; (2) mortgage banks; and (3) mortgage brokers. Commercial banks like Chase and Wells Fargo hold deposits, offer checking accounts, make commercial loans (and do all traditional “banking” activities) as well as offer mortgage loans. They also hold loans in their portfolios.Read More

Mortgage Banks Vs. Commercial Banks – What’s The Difference?

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Here are some of the major commercial banks that are heavily involved in residential mortgage lending: Wells Fargo, Bank of America, JPMorganChase, U.S. Bank and PNC Bank. Here are several major mortgage banks that now help dominate residential mortgage lending: Rocket Mortgage; United Wholesale Mortgage; CrossCountry Mortgage; loanDepot; Fairway Independent Mortgage; Guild Mortgage; Guaranteed Rate; and American Pacific Mortgage.Read More

7 Reasons Why Analysts Are FURIOUS With The Fed!

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I have never seen so much frustration and anger expressed over policy errors as I have over the last week – and it is all because the Fed is poised to raise the Fed Funds Rate 0.25% today. This will bring us to a 16-year high in what has been the fastest rate hiking cycle in history, and it will likely bring our economy to its knees.Read More

Mortgage Banks vs. Commercial Banks; What’s the Difference? What’s Better?

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The Wall Street Journal featured an article recently that stressed that buyers in a competitive market need a lender with a stellar reputation, an ability to close quickly, great communication […]Read More

Mortgage Bank vs. Commercial Bank; What’s the Difference?

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Mortgage Banks Mortgage banks only underwrite, fund, and sometimes service loans. They do nothing else. They hold no deposits, and they fund all of their loans with large warehouse lines […]Read More

Loan Origination Channels: Banks, Mortgage Banks, Brokers

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We often get questions about the different mortgage origination channels: (1) Commercial Banks; (2) Mortgage Banks; and (3) Brokers. The Three Mortgage Origination Channels Commercial Banks have dominated the field […]Read More