Finance
A mortgage banker differs from a mortgage broker in that a mortgage banker:
AOnly makes FHA loans
BUses its own funds to originate and fund loans, and may sell them to the secondary market✓ Correct
CDoes not close loans in its own name
DOnly represents the borrower
Explanation
A mortgage banker originates, funds, and closes loans using its own capital, then typically sells them to the secondary market. A mortgage broker arranges loans between borrowers and lenders but does not fund the loan itself.
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