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.
POPULAR TERMS
Specific-Shares Method
Specific-shares method is a personal financial accounting whose purpose is to cut down realized capital gains for multiple stock or mutual fund pur ...
Voting Trust Certificate
Voting Trust Certificate is a document issued by the limited-life trust of a corporation, which is created to limit the control of a corporation to ...
Sample Selection Bias
Sample Selection Bias is a type of bias resulting from the selection of non-random data meant for statistical analysis.
Combined Loan to Value Ratio - CLTV Ratio
Ratio determining the default risk of a potential homebuyer if he would purchase a home using multiple mortgages. In general, creditors are willing ...
Contagion
Possibility a significant economic changes in a country will spread to other nations. It pertains to the spread of either an economic boom or econo ...
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