Mortgage Lenders description

A mortgage lender will then use a mortgage as security for the lending of money.

The mortgage lender is the entity that actually provides the funds to the buyer and will retain the mortgage on the property. After the mortgage is secured, the lender may sell the mortgage loan to another entity who would then becomes the mortgage holder.
A borrower need not deal directly with a mortgage lender to secure a mortgage loan. Often, mortgage brokers are used to secure a mortgage loan with a mortgage lender, on behalf of a borrower. The mortgage broker will negotiate with the mortgage lender, or numerous mortgage lenders, to secure a mortgage loan. The mortgage application, documentation and closing will also be handled through the broker.

At First Foundation, we have ongoing relationships with a number of mortgage lenders and believe that more choices our customers have, the better rate they can secure and the more personalized of a product they can receive.