Mortgage Bank vs. Broker

A mortgage bank is an institution that lends money to borrowers with whom they have a loan agreement.  All funding and lending decisions come from within the mortgage bank.  If a mortgage bank cannot meet your specific needs, they can broker out your loan to other institutions.

A mortgage broker is an institution that represents mortgage banks to their clients.  In some situations, they have the ability to mold loans more specific to your needs. Their source of funding comes directly from a mortgage bank; therefore their partnering banks make all lending decisions.

When applying for a loan through a mortgage bank, you may have a more successful loan decision.  When applying for a loan through a mortgage broker, you may end up with a product that fits your needs more accurately.

Options Financial Residential Mortgage is a mortgage bank with relationships to the broker. 

We chose our format to provide you with the greatest flexibility in loan options.  Either through our services, or by brokering you to a more tailored option, we will meet your needs one way or another.  We efficiently and effectively get loans done.