While the distinction between mortgage bankers and brokers is diminishing, a full service mortgage banker means being capable of all the of the following EXCEPT

Question

Quizplus · Accepted Answer

A full service mortgage banker would typically be able to originate or negotiate a loan, fund the loan at closing, and service the loan until pay off. However, not all full service mortgage bankers hold loans in portfolio, as some may sell the loans they originate to investors. Therefore, option D is the correct answer.

While the Distinction Between Mortgage Bankers and Brokers Is Diminishing