Tag Archive for: mortgage bank

Why We Stopped Brokering Loans & Started Banking: Appraisal Issues

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JVM was a “mortgage broker” until 2014. Instead of underwriting and funding loans in-house like we do now (as part of a “mortgage bank”), we brokered our loans through various […]Read More

Mortgage Bank Vs. Broker Vs. Commercial Bank; There Is A Difference

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There are three primary channels for funding mortgages: (1) Commercial Banks, (2) Mortgage Banks, and (3) Brokers. There are significant differences between the channels. Commercial Banks dominated the mortgage world […]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

Difference Between Servicer and Mortgage Holder/Owner

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Borrowers often get confused about the difference between their loan’s “Servicer” and their loan’s “Owner”. After a mortgage bank funds and records a loan, they sell the loan either to […]Read More

JVM Is a Both a Mortgage Banker and a Broker; Advantages to Both

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JVM Lending is and has been both a “mortgage broker” and a “mortgage bank” for some time now. Both channels have significant advantages. We avoided a mortgage bank affiliation for […]Read More

Risks Of Pursuing Lowest Rate (Mostly In Regard to Purchases)

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We have more funding sources through our mortgage bank and wholesale channels than almost any other lender. We also have a large number of complex transactions with tough appraisals, income […]Read More

“Overlays” Lurk Everywhere; Why They’re Bad For Realtors/Buyers

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We interviewed a loan officer last week who had to “give away” three loans over the last 60 days to other lenders b/c her own internal mortgage bank could not […]Read More