Origination
The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property. Investopedia Says:
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real property. It is through this process that the terms of the mortgage agreement (amount of loan, interest rate, compounding frequency, etc) are established and the involved parties legally bind themselves to the transaction. Related Terms:
Assumable Mortgage
Cloud On Title
Deed Of Release
Fixed-Rate Mortgage
Mortgage
Mortgage Broker
Mortgage-Backed Security
Origination Points
Real Estate
Third-Party Mortgage Originator |