Mortgage originator.A mortgage originator is the lender that initially provides your home loan. You'll work with the mortgage originator from your initial application through closing day. Mortgage servicer.A mortgage servicer is the company that handles your mortgage once you own the home. You sen...
A mortgage originator is the lender that initially provides your home loan. You'll work with the mortgage originator from your initial application through closing day. Mortgage servicer. A mortgage servicer is the company that handles your mortgage once you own the ...
A mortgage loan originator is a real estate term you may come across when buying or refinancing a home. In short, mortgages wouldn’t exist without their originator, meaning the one who either creates or initiates the mortgage itself. Not only do mortgage loan originators create your mortgage,...
What is straight-line depreciation? What is escrow real estate? What is a real estate broker? What is a subagency in real estate? What is conformity in real estate? What is the due diligence process in real estate? What is a personal guarantee in real estate?
What is the due diligence process in real estate? Due Diligence: Due diligence is the process of checking or inspecting that the product or data provided is accurate and legal in order to avoid any kind of criminal activity when two parties enter into a contract, agreement or any kind of ...
aspecial purpose vehicle(SPV) as a walled-off subsidiary for pooling and selling loans. This removes some liability and frees up the originator’s aggregator arm to purchase loans from other institutions as well as from the parent entity, as is sometimes necessary for the creation of a ...
Transferring assets such as mortgage loans or real estate to an SPV. Here, the SPV is essentially holding major assets and managing them on behalf of investors Insulating investors from the financial risks and liabilities of the originator
What's the Difference Between a Real Estate Agent and a Realtor? Real estate agents are licensed professionals who help their clientsbuy, sell, or rent real estate. A realtor is a real estate professional who is a member of the National Association of Realtors (NAR), the largest trade asso...
What is an EPC Agreement? An EPC agreement, which stands for engineering, procurement, and construction, is a contract used for construction works performed by private entities on large-scale and complex infrastructure projects. EPC contracts are sometimes called turnkey construction contracts. Under ...
Andrew Dehan writes about home loans, real estate and personal finance. He's taken the NMLS Loan Originator education classes and passed the MLO SAFE test. Besides Bankrate, his work has been published by Rocket Mortgage, Forbes Advisor and Business Insider. He’s also a poet, musician and ...