Which of the following is not considered an institutional lender?

A mortgage company is typically not classified as an institutional lender because it primarily originates and processes mortgage loans rather than directly collecting deposits or managing banking institutions. Unlike commercial banks, credit unions, and savings and loan associations, which hold deposits and engage in broader banking activities, mortgage companies generally focus on providing mortgage financing solutions, often relying on wholesale funding or selling loans in the secondary market. Their operational model is distinctly different from that of institutional lenders, who are more involved in the overall banking network and provide a wider range of financial services, including deposit-taking and asset management.