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LSDefine

Simple English definitions for legal terms

mortgage banker

Read a random definition: essentialia feudi

A quick definition of mortgage banker:

A mortgage banker is someone who helps people borrow money to buy a house. They charge a fee for their services and then sell the loan to someone else. They also help the borrower make their monthly payments.

A more thorough explanation:

Definition: A mortgage banker is a person or company that helps people get loans to buy real estate. They charge a fee for their services, sell the loans to other people or companies, and collect the monthly payments from the borrowers.

Example: John wants to buy a house but doesn't have enough money to pay for it all at once. He goes to a mortgage banker who helps him get a loan from a bank. The mortgage banker charges John a fee for their services and then sells the loan to another company. John makes monthly payments to the mortgage banker who then sends the money to the company that bought the loan.

Explanation: This example illustrates how a mortgage banker helps people get loans to buy real estate. They act as a middleman between the borrower and the lender, charging a fee for their services. Once the loan is approved, the mortgage banker sells it to another company and collects the monthly payments from the borrower. This allows the lender to make money from the interest on the loan, while the mortgage banker earns a fee for their services.

mort d'ancestor | mortgage certificate

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BookwormBroker
16:10
same
RoaldDahl
16:10
@HopefullyInLawSchool: what if i already got rejected. does it mean anything
HopefullyInLawSchool
16:12
@RoaldDahl: Likely not however it could mean nothing
RoaldDahl
16:15
So if it means nothing does that mean something?
HopefullyInLawSchool
16:17
Possibly
RoaldDahl
16:26
Cool
RoaldDahl
16:26
thank you!!!! i hope it means something
pinkandblue
16:31
fart
IrishDinosaur
16:36
Mich R gang lesgooo
Did anyone else get that random get to know nova email?
HopefullyInLawSchool
17:21
Ya it was sent to all YM applicants
starfishies
17:37
Anyone get the NDLS email inviting you to apply for something even though they haven’t made a decision on your app yet
17:38
Better yet I got the email and I was rejected last month
starfishies
17:38
Wtf
starfishies
17:39
and the deadline is in like a week what is this
any cardozo movement?
BatmanBeyond
18:01
Sent a LOCI via portal, but I'm wondering if email would have gotten me a swifter response
BatmanBeyond
18:02
This whole hold/wait-list/reserve system is a headache
loci already?
BatmanBeyond
18:09
If the odds are like 1-2% I don't think it matters much by the numbers
12:11
I got the same NDLS email
OrangeThing
12:18
I think the user profiles are broken
19:29
Any word out of Notre Dame?
19:29
Only the invitation to apply for LSE
19:29
Anyone received a decision from NDLS?
19:50
when did u guys apply that just heard from umich? they havent even glanced at my app yet
0:30
how am i supposed to spy on people when profile links are broken?
Right. Broken links smh
I've been UR since first/second week of Jan, no updates otherwise, is that a bad sign? At or above median LSAT and above 75th gpa.
The profile links are not working for me. anybody else?
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