What does a Mortgage Banker do?

Answer:
A Mortgage Banker arranges Mortgage loans for

consumers who want to buy a house or refinance their existing home loan. They meets with the borrower and collect detailed financial information such as income, savings, assets, and employment history to ensure your applicable.

The mortgage banker uses this information and the borrower’s credit score to determine what type and size of home loan the borrow is qualified for. The banker presents the loan terms (like payment and interest rate) to the borrower along with an estimate of closing costs. If the borrower agrees to the terms, the mortgage banker makes final preparations for the closing on the property.