What is a business cooperative? What is a mortgage originator? What is big business? What is an SBA loan? What is a leased employee? What is R&D in business? What is outsourcing? What is a lessee? What does a sales consultant do?
What is a mortgage originator? What is an underwriter? What do correspondent banks do? What is a retail investor? What is a brokerage firm? What is a portfolio manager? What is offshore banking? What is trade finance? What is a bond underwriter?
How does a mortgage work? A mortgage lets you buy a home without paying cash. Mortgages typically require you to pay some money right away — called the down payment— and then repay the rest over time. Each month, you pay back some of what you borrowed, along with interest. Inability ...
A mortgage broker acts as a "go between" or intermediary between a person or company that needs financing for a mortgage loan and a lender who has money available to finance the loan. The broker does not actually lend money. That is, the mortgage broker only brings the lender and borrower...
While shopping for a home loan, you’ll likely hear the term “mortgage point” on more than one occasion. Jump to mortgage point topics: –How Much Is a Mortgage Point –How Do You Calculate Points on a Mortgage? –There Are Two Types of Mortgage Points ...
So you need a job and you’re thinking about becoming a residential mortgage loan officer? Or a mortgage loan originator (MLO) as they’re now known. Well, there are probably job openings right this very second, but it’s not for the faint of heart. ...
What do you need for a cash-out refinance? Cash-out refinances often come with more stringent requirements to qualify than traditional mortgages. “Lenders consider cash-out refinance loan options to be of relatively higher risk,” says Jeremy Drobeck, who was a mortgage loan originator at Ame...
How does securitization work? The entity that holds the assets is known as the originator. It gathers these assets into a group, which is called the reference portfolio. In the case of mortgage-backed securities, the reference portfolio might contain pools of hundreds or even thousands of mortg...
However, depending on its size and sophistication, a mortgage originator might aggregate mortgages for a certain period of time before selling the whole package; it might also sell individual loans as they originate. There is risk involved for an originator when it holds onto a mortgage after an...
Best efforts mortgage locks exist to transfer the risk that a loan will not close from the originator to the secondary market. With this kind of lock, if the mortgage fails to close, then the cost will be borne by the secondary buyer of the mortgage, not the original mortgage lender. Key...