Mortgage Banking Roles

Originations

  • Source qualified borrowers
  • Underwrite mortgages
  • Fund mortgages
  • Pool mortgages by type
  • Sell mortgages to investors
  • through Agencies
  • through private securitization vehicles

Servicing

  • Collect payments from borrowers
  • Remit principal and interest to investors
  • Remit taxes and insurance to appropriate parties
  • Pursue delinquent loans
  • Initiate foreclosure proceedings
  • No credit exposure

Mortgage marketplace

Was this article helpful?

0 0

Post a comment