Twitter Google Share on Facebook origination fee (redirected fromLoan Origination Fee) Thesaurus Legal Financial Acronyms origination fee n. Afeechargedby alenderto aborroweroninitiationof aloan,oftenas apercentageofthetotalprincipal. AmericanHeritage®DictionaryoftheEnglishLanguage,FifthEdition.Copyright©20...
(g) with respect to a Loan held in the form of a participation, the participation documentation is legal, valid, binding and enforceable and County's interest in such Loan created by such participation would not be a part of the insolvency estate of the Loan originator or other third party...
Loan originatorThe entity that closes a Mortgage Loan in its own name. Mortgage Loan Borrower Related Partyshall have the meaning assigned to such term in Section 13. Originating Lenderhas the meaning specified therefor in Section 13.1(e) of the Agreement. ...
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Select this check box to indicate that the Self Participant is the originator. This is enabled only if the ‘Self Participant’ check box is selected. You can mark only one self participant as the originator. SSI Mnemonic The SSI Mnemonics maintained in the ‘Settlement Instructions’ screen...
Apply with several lenders and compare their costs, including interest rates. You can get loan estimates fromseveral different sources, including a local loan originator, an online or national broker, or your preferred bank or credit union. ...
In terms of qualifications, most employers require mortgage loan processors to have at least a high school diploma or equivalent. Additionally, obtaining relevant certifications, such as the Mortgage Loan Originator (MLO) license or the Certified Mortgage Banker (CMB) designation, can significantly enha...
If you are ready to take the next step in the homebuying process, it's best tocontact a lender and get pre-qualified. By getting pre-qualified, your loan originator will help you assess what you may qualify for and give you payment examples to ensure the numbers align with your monthly...