California Real Estate Practice Exam

Question: 1 / 740

Which of the following entities do not make direct mortgage loans?

Mortgage brokers

Mortgage brokers do not make direct mortgage loans because they act as intermediaries between lenders and borrowers. They can help borrowers find loans from a variety of mortgage lenders but do not directly lend money themselves. Banks, credit unions, and mortgage companies, on the other hand, can all provide direct mortgage loans to borrowers. However, banks and credit unions often have specific lending requirements and may not offer as wide a variety of loan options as mortgage companies.

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Banks

Credit unions

Mortgage companies

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