If you’ve started shopping for a mortgage in Washington State, you’ve probably run into a handful of different types of lenders — brokers, banks, credit unions, and correspondent lenders — often used almost interchangeably. They are not the same thing, and the difference can affect your rate, your timeline, and who you’re actually talking to when something goes wrong. Here’s how each one works. [Read more…]
Different Types of Mortgage Lenders
Filed Under: Home Buying Tagged With: banks, correspondent lender, credit unions, licensed loan officer, mortgage brokers, mortgage programs, registered loan officer, types of lenders





