Finance
In Kentucky, a mortgage banker differs from a mortgage broker because a mortgage banker:
AOnly works with first-time buyers
BLends their own funds and may also service loans✓ Correct
COnly arranges loans without lending their own money
DIs regulated exclusively by KREC
Explanation
A mortgage banker uses their own funds to originate loans and may service them after closing. A mortgage broker acts as an intermediary connecting borrowers with lenders, without using their own funds.
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