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.

Why it matters:

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.



Related Terms

mortgage
mortgage application
loan
brokers
lenders
market
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