Box 159 Delaware Water Gap, PA 18327. Kick your feet up and let these expert tour guides chauffeur you through the Delaware Water Gap. These guys will teach you about the Native tribes who first inhabited the region as well as the... Read More.
DEFINITION of 'Aggregator'. A party involved within the secondary mortgage market that purchases mortgages from financial institutions and then securitizes them into mortgage-backed securities (MBS). Aggregators earn profit by purchasing individual mortgages at lower prices and then selling the pooled MBS at a higher premium.
What are Mortgage Aggregators / Dealer Groups? Mortgage Aggregators, Dealer Groups and even Franchise Groups act as a wholesaler between lenders and Mortgage Brokers. Here all of these bodies are will referred to as Aggregators. For a mortgage broker to be able to introduce loans to a lender and get paid by that lender, they would normally need to work with an aggregator. The reason for this is that most lenders have volume and compliance requirements that the average broker would be unable to sustain unless they were a large business.