What is the difference between a mortgage broker and a mortgage lender/creditor?

Network Funding is a privately-owned mortgage lender. A mortgage lender is a financial institution that has the ability to originate, underwrite, close, and fund a mortgage loan. As a mortgage lender we offer a variety of loan options, make the underwriting decisions, prepare closing documents, and fund your mortgage loan, utilizing our own staff and our own funds. After your loan is closed and funded, we may sell the loan to an investor in the secondary market or may retain the servicing rights to the loan. We are approved as lenders by the Federal Housing Administration and the Veterans Administration, and we are also a “Full Eagle” seller, meaning we sell directly to Fannie Mae, Freddie Mac, and Ginnie Mae. By keeping the entire Loan Process “in house,” we’re able to maintain our high standards throughout the process.

A mortgage broker is not a lender, but simply arranges mortgage financing through a third party lender. A mortgage broker may also offer a variety of loans from a variety of lenders, however a mortgage broker must rely on the lender they select to do the underwriting, closing and funding of the loan.

Consequently, while mortgage brokers may have more options than a small mortgage lender, they do not have the same level of control over the Loan Process that mortgage lenders do. Larger private lenders, such as Network Funding, have access to multiple investors and many loan options. So with Network Funding, you know you can receive quality service and quantity of options.

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Corporate Headquarters

  • 713-334-1100
  • 9700 Richmond Avenue, Suite 320
  • Houston, TX 77042
  • NMLS #2297
Equal Housing Opportunity