Are Credit Unions Mortgage Brokers
By admin ~ November 21st, 2008. Filed under: Mortgage FAQ.
Recently, somebody asked if credit unions were mortgage brokers.
Credit unions are not necessarily mortgage brokers, however some of them do broker mortgage loans. This basically means that they originate loans that are funded by a lender other than themselves. This is usually practiced among the smaller credit unions and it’s not uncommon to see smaller banks that will also broker mortgages as well.
