Which of the following does not make direct mortgage loans?

Mortgage brokers serve as intermediaries between borrowers and lenders, facilitating the loan process without actually lending their own funds. They gather information from borrowers, help them apply for loans, and then present those applications to various lenders to find a suitable mortgage option. Since mortgage brokers do not directly lend money themselves, they rely on financial institutions like commercial banks, credit unions, and savings and loan associations to provide the actual mortgage loans.

In contrast, commercial banks, credit unions, and savings and loan associations all function as direct lenders. They utilize their own funds to underwrite and originate mortgage loans, providing borrowers with the necessary financing directly, rather than through a referral or intermediary process. Understanding the roles and functions of these entities is crucial for both borrowers seeking loans and those in the real estate industry navigating financing options.