Which type of lender does a mortgage banker usually represent?

A mortgage banker typically represents only the bank or lending institution where they are employed. This means that their primary objective is to originate loans on behalf of that particular institution, using its funds and guidelines. Unlike mortgage brokers, who work with multiple lenders to find the best deal for a borrower, mortgage bankers have a narrower scope of operation, focusing on promoting and facilitating loans offered exclusively by their employer.

This specialization can often lead to speedier processing of loans and more streamlined communications, as the banker is fully familiar with their organization's policies and procedures. Understanding the role of a mortgage banker helps to clarify the nature of the relationships they maintain within the lending landscape.