Meaning of the word "mortgage lender" in English

What does "mortgage lender" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

mortgage lender

US /ˈmɔːr.ɡɪdʒ ˌlen.dɚ/
UK /ˈmɔːr.ɡɪdʒ ˌlen.dɚ/
"mortgage lender" picture

Noun

1.

a bank or other financial institution that lends money to people who want to buy a house or other property

Example:
We applied to several mortgage lenders before choosing one.
The mortgage lender approved their loan application.
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