Mortgage Originator

Written By
Paul Tracy
Updated August 5, 2020

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.