What is a mortgage company called that originates loans and then places them with other institutions?

The correct answer is a mortgage broker. A mortgage broker serves as an intermediary between borrowers and lenders, facilitating the process of securing a loan. They originate loans by communicating with borrowers to understand their needs and collecting the necessary documentation. Once the loan is originated, the mortgage broker then places that loan with various lenders or institutions, effectively matching the borrower's needs with the right financial product.

Understanding the role of a mortgage broker is essential in the lending process. Unlike mortgage bankers, who originate loans and use their own funds to close them before selling them to investors, mortgage brokers do not lend money directly. Instead, they work with multiple lenders to find the best terms for their clients, which can include interest rates and loan types.

The other options refer to different roles in the real estate and financing sectors. A loan originator typically refers to individuals or institutions that directly provide loans to borrowers, often working for a lending institution. A mortgage banker originates and funds loans using their own capital. A real estate agent assists clients in buying, selling, or leasing properties but does not directly deal with mortgage financing. Understanding these distinct roles clarifies why the role of a mortgage broker is accurately defined in the context of the provided question.