Mortgage Banker vs. Broker

GuardHill is a mortgage banker. A mortgage banker is a direct lender whose sole expertise is mortgages.  A mortgage broker is a third party that arranges mortgage financing with lenders. A retail bank is a bank who sells financial services; their main focus is not on mortgages.


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Difference Between a Mortgage Banker and a Mortgage Broker [and a Retail Bank]

Pros of a mortgage banker:

  • Multiple lenders to choose from
  • Ability to offer flexible and competitive pricing due to a variety of lenders they can work with
  • Approve and close loans with their own funds
  • Mortgage specialists who only focus on originating and closing mortgages
  • Have control of the loan process

Cons of a mortgage banker:

  • May lack a national brand name


Pros of a mortgage broker:

  • Multiple lenders to choose from with varying loan programs

Cons of a mortgage broker:

  • Does not have the ability to underwrite the loan
  • Cannot provide flexible programs to the borrower
  • Does not have control of the overall loan process


Pros of a retail bank:

  • Established brand name

Cons of a retail bank:

  • A retail bank’s main focus is not on mortgages
  • Only have one set of guidelines
    • If the bank cannot secure the loan or offer a good rate, then the bank does not have any other options. The client will then have to re-apply for a mortgage with another bank.



Mortgage Banker vs Broker: Why GuardHill is one of the Best Mortgage Lenders

  • GuardHill is a mortgage banker and broker
  • We work with over 50 investors and lenders which ensures that we will find the best mortgage for you
  • In-house underwriting and closing teams that work swiftly and efficiently
  • We provide 24-hour pre-approvals

Finding a mortgage lender that will work hard to understand your financial needs and find you the best mortgage is just as important as finding the perfect home. As a mortgage banker and mortgage broker, GuardHill offers the lowest interest rates matched with the highest level of customer service because we only do mortgages.

Contact us today to get started with a smooth and seamless loan process! Learn more about how GuardHill differs from the rest and how to find the right mortgage lender.