THIRD-PARTY MORTGAGE ORIGINATOR
- Individual or firm responsible for marketing mortgages and collating information for a mortgage application, which is then given or sold to the actual mortgage lender. In this process, mortgage brokers are the third-party originators.
- Individual or firm engaged in any mortgage origination process including underwriting, closing, funding, and packaging on behalf of the actual mortgage lender.
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Accumulation Area
A price where the investors purchase shares of a particular stock. It is usually determined by the looks of the volume and its price. Some analysts ...
SEC Form DEF13E3
SEC Form DEF13E3 is a form which is used as an initial preliminary statement for a company or affiliate that is turning private. “Going priva ...
Transaction
1. Deal between a buyer and a seller to exchange a product, service, or financial instrument.
2. In accounting, an event or condition aff ...
IRS Publication 596
A document that gives information on the earned income credit (EIC) offered to individuals who earn below $51,567. To be eligible to receive EIC, a ...
Depository Trust Company Tracking - DTCT
A service, used by underwriting firms, that provides a method of tracking the exact path of purchases and sales of newly issued securities.
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