What Is the Role of a Mortgage Banker?

A mortgage banker is an individual or a company that plays a vital role in the mortgage lending process. If you are about to get a mortgage, there is a good chance that you will work with a mortgage banker during the process. This individual does a number of different things that will affect you as a borrower.

Choosing a Mortgage

One of the important roles of the mortgage banker is to help you choose the right mortgage. In most cases, you will have several types of mortgages to choose from. You might be able to choose a fixed rate loan or an adjustable-rate mortgage. The mortgage banker will help you look at the options and choose the best one that fits your unique situation.


A mortgage banker also plays the role of middleman during this type of transaction. The mortgage banker is in charge of originating the loan, but they do not usually have the funds to lend you directly. They get the funds from a wholesale lender and then pass those funds on to you. They will take any questions that you might have to the lender and they will gather the necessary information from you that the lender needs.

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