posted on 06-06-2019

Mortgage Originator

Updated October 1, 2019

What is a Mortgage Originator?

A mortgage originator is an individual or institution that collaborates with the borrower to complete a mortgage transaction.

How Does a Mortgage Originator Work?

Mortgage originators facilitate the mortgage application process from the time a prospective borrower expresses interest until the mortgage loan itself has been disbursed. For this reason, a number of parties are qualified to function as mortgage originators including individual mortgage brokers, mortgage bankers, and mortgage companies.

Why Does a Mortgage Originator Matter?

The role of a mortgage originator is to bring together prospective mortgage borrowers with mortgage lenders. To this extent, mortgage lenders also aid in supplying new mortgages to the secondary mortgage market.


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Related Definitions

Mortgage
A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank)... See More
Mortgage Application
A mortgage application is a document that a prospective property buyer submits to a lender to secure a mortgage. The lender must approve the application before... See More
Mortgage
A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank)... See More
Loan
A loan is a sum of money that is borrowed by an individual or business from a lender (typically a financial institution or another party with money). See More
Broker
A broker is a person or a company that acts as an intermediary between buyers and sellers. Brokers exist not just in the financial markets, but in the real... See More
Mortgage
A mortgage is a loan in which property or real estate is used as collateral. The borrower enters into an agreement with the lender (usually a bank)... See More
Lender
A lender is a creditor or any entity to which you owe money for services provided. See More
Market
A market is a location where buyers and sellers meet to exchange goods and services at prices determined by the forces of supply and demand. See More

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