A mortgage lender that accepts deposits and makes loans would be classified as which type?

A mortgage lender that accepts deposits and makes loans is classified as a retail lender. Retail lenders are financial institutions that provide loans directly to consumers while also possibly accepting deposits. This classification includes entities like commercial banks, credit unions, and savings and loans that engage in both lending activities and managing deposit accounts. They typically offer various mortgage products directly to individuals and families seeking home financing.

The other classifications do not apply in this context. A mortgage broker acts as an intermediary between borrowers and lenders, facilitating loans but not actually lending money themselves or holding deposits. Wholesale lenders provide funds to mortgage banks or brokers who then lend to consumers but do not engage directly with the public. Investment bankers primarily work with corporations for large financial transactions like underwriting securities and facilitating mergers and acquisitions, rather than directly making loans to individuals.