Mortgage Lender

Definition: A mortgage lender provides or extends credit secured by real estate.

Example

A bank, credit union, or nonbank company funds a borrower's home loan.

Keep the distinction clear

Lenders are not limited to nondepository companies. The lender, loan owner, and current servicer may be different organizations.

Related terms

Mortgage Broker · Mortgagee · Loan Servicing

Keep studying

Mortgages: Borrower, Lender, Ownership, and Key Clauses

References: CFPB: lenders and mortgage brokers

Pronunciation (US): MOR-gij LEN-der (capitals show stress)

Pronunciation reference: Merriam-Webster