The lender plays a crucial role in the mortgage loan process. They are the financial institution or entity that provides the necessary funds to the borrower for purchasing a property. The lender assesses the borrower’s creditworthiness and evaluates the property’s value to determine the loan amount and interest rate. They have repayment terms and conditions. It is important for borrowers to carefully consider the lender’s reputation, interest rates, fees, and customer service before finalizing a mortgage loan agreement.