Mortgage banking differs from brokering in that the firm itself is providing a loan to a client. A mortgage broker simply act as a liaison between a client and a number of different financial institutions that may or may not be willing to provide a client with a mortgage or related credit facility. One of the primary benefits to working as a mortgage bank rather than as a broker is that these firms have the ability to earn fees that are usually twice as a high. This is due to the fact that a mortgage banking firm has the ability to sell the closed loan to a secondary buyer. A brokerage firm never handles any of the financing that is associated with the closing of a real estate transaction....