Independent Mortgage Bankers (IMB) Fact Sheet

Today's IMB sector plays a crucial role in serving the single-family mortgage market with sustainable mortgage products through all economic cycles. IMBs are non-depository institutions that typically focus exclusively on mortgage lending. Mortgage bankers have originated and serviced loans since the 1870s, and IMBs have been an important component of the mortgage market for more than a century. Over the past decade, IMBs have become the primary source of mortgage credit for low- and moderate-income, as well as minority, homebuyers.