What is a direct lender?

Answer A direct lender is a bank or financial institution that deals directly with the customer, cccording to First Texas Realtors. There are no middlemen such as brokers involved in a loan, which can re... Read More »

Top Q&A For: What is a direct lender

What is the responsibility of a mortgage lender?

The general responsibility of a mortgage lender is to provide a borrower with a smooth transition from application to closing while adhering to all applicable laws and guidelines.SignificanceA home... Read More »

What is a correspondent mortgage lender?

There are a few ways to secure mortgage financing to buy a home. The most common method is making an application through one of three entities: a mortgage lender, a mortgage broker or a corresponde... Read More »

What Is the Definition of a Hard Money Lender?

Hard money lending is a form of private lending for residential and commercial real estate. Traditional banks and other lending institutions do not usually engage in hard money lending.FactsHard mo... Read More »

What Is the FHA Mortgage Lender Approval Process?

A depressed housing market, the sub-prime mortgage crisis -- which placed millions of home owners into risky mortgages -- and the fall of major mortgage lenders since 2007, has led to an upswing in... Read More »