Mortgage Originator

What Does Mortgage Originator Mean?
An institution or individual that works with a borrower to complete a mortgage transaction. A mortgage originator can be either a mortgage broker or a mortgage banker, and is the original mortgage lender. Mortgage originators are part of the primary mortgage market.

Investopedia explains Mortgage Originator
The primary mortgage market is highly fragmented in the United States. While there are several large firms that originate a large percentage of mortgages, there are thousands of smaller firms and individuals, which also account for a large percentage of total mortgage originations.

Tallying up what percentage of originations belong to which mortgage originator depends on how an origination is counted. A large percentage of newly originated mortgages are immediately sold into the secondary mortgage market, where they might be counted by the institution that purchases the mortgage in the secondary market as an origination, thus double-counting the origination.

Related Terms

Aggregator
Co-borrower
Compliance Examination
Mortgage Banker
Mortgage Broker
Mortgagor
Primary Mortgage Market
Rate And Term Refinance
Secondary Mortgage Market
Third-Party Mortgage Originator
More Related Terms

Related Links

Shopping For A Mortgage - It starts with knowing your choices as well as your price range. We show you how to get there.
The Rise And Demise Of New Century Financial - A case study in how poor planning toppled a subprime mortgage giant.
Find The Best Mortgage Rates - Search and compare the best fixed and adjustable mortgage rates in your area with Bankrate.com. Click Here!
Conquering The Terms Of Your Mortgage - Buyers with big down payments should get the best mortgage terms. Unfortunately, the equation isn't that simple.
What To Do If Your Mortgage Application Is Rejected - There are six ways to change your bank's answer to a loan request from 'No' to 'Yes'.
Make A Risk-Based Mortgage Decision - Find out how to choose which mortgage style is right for you.
A Tax Primer For Homeowners - Go beyond interest and find out how mortgage points affect your taxable income.
The Mortgage Interest Tax Deduction - If you're a homeowner, this is one item you want to understand and use on your return.

Rate this Term: Your Rating: Overall Rating: Vote Now!