Definition of a Mortgage Aggregator

Mortgage aggregators are in the second mortgage market.

A mortgage aggregator is part of the second mortgage market. They buy mortgages from financial institutions and then secure them with MBS, or mortgage-backed securities.

Profit

A mortgage aggregator profits by buying individual mortgages at reduced prices and selling them at a higher rate. Ultimately, they take small products, combine them into a large package, sell this to a large market and charge extra for the combination package.

E-Commerce

In e-commerce, the mortgage aggregator is the middleman between the seller and the buyer. They choose the product, determine pricing and make sure the orders go through.

Business

In business, an aggregator can be a group of people who negotiate a rate for their services or products. This is usually a reduced rate.

References

• Investopedia: Aggregator
• Q Finance: Aggregator
• Free Dictionary: Aggregators