Lender Types Map glossary
Key terms
On the map
These terms describe the kinds of mortgage lenders, each with a primary source.
Last reviewed against the primary sources listed below.
- Mortgage broker
- A licensed intermediary who shops your loan to several lenders. Source: CFPB: What is a Loan Estimate?
- Credit union
- A member-owned financial cooperative that may offer mortgages. Source: NCUA MyCreditUnion.gov: What is a credit union?
- Nonbank lender
- A mortgage company that is not a bank or credit union. Source: CSBS: Contact your state financial regulator
- Loan originator compensation
- Pay to loan officers and brokers, limited by federal rules. Source: CFPB Regulation Z 1026.36: Loan originator compensation and other prohibited acts