Answers - Finance

Many consumers think that “mortgage companies” are banks that lend their own money as mor

According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product

tgage. But in fact, any company that you deal with might be either a mortgage banker or m

; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.

Examples of combination products may in

ay be a mortgage broker.

Mortgage Banker: A mortgage banker is a direct lender, which le

lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.

nds you its own money, although it may often sells the loan to the secondary market. Mort

here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe

gage bankers (otherwise known as “direct lenders”) sometimes keep servicing.

Mortgage br

d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.

Combination pro

oker: A mortgage broker is actually a middlemen; he first does the loan shopping and anal

ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc

ysis for the borrower and then puts the lender and borrower together. Most of the lenders

easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi

by which the broker finds loans do not deal directly with public.

If you go through mort

nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically

gage banker, you would save the fees of middleman and could make the loan process quite e

and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ

asier. A mortgage banker would give you direct approval of loan, whereas a mortgage broke

ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi

r gives you information second-hand. But anyhow, many mortgage bankers have their own lim

ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.

Following aspects would a

itation in what they can offer. An in case, if you present your loan application in poor

dd to the challenges in developing combination products:

Which markets to tap where the combination products can do fairly well?
Which combination prod

light, it would lead to a bad impression in front of banker. It is not suggested to lie o

cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin

r mislead a lender, but one need to understand that presenting a loan to a lender is just

tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen

like presenting your taxes to the IRS; all documents should be valid one.

A mortgage bro

t?

As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel

ker charges dramatic fee for every service, but then he has access to wide variety of loa

ping new procedures for reviewing their safety, efficacy and quality.

Professional from academic institutions, pharmaceutical industries, health care indust

n programs. He would also have knowledge of how to present your loan application to vario

y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products

us lenders for approval. Some of mortgage bankers are brokers as well. As an investor it

.

As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de

is always wise to have both mortgage broker and a mortgage banker on your side. You all n

elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.

Companies that provide selfless information through particip

eed to remember that mortgage brokering is an unlicensed profession in many of the states

tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products

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Answers - Mortgage Broker vs. Mortgage Banker

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