Mortgage Originator
What it is:
A mortgage originator is an individual or institution that collaborates with the borrower to complete a mortgage transaction.
How it works (Example):
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.
