Mortgage company definition

Mortgage company means, for the purposes of this chapter, a "residential mortgage loan company" as that term is defined by Tex. Fin. Code §157.002.
Mortgage company means a person that is licensed under MCL § 445.1651 to 445.1684, or MCL § 493.51 to 493.81, and has greater than 90 percent of its revenues, in the ordinary course of business, from the origination, sale, or servicing of residential mortgage loans.
Mortgage company means a person other than an individual who, through employees or other individuals, takes residential loan applications or offers or negotiates terms of a residential mortgage loan.

Examples of Mortgage company in a sentence

  • Mortgage company checks or similar holding company checks, unless certified, DO NOT represent immediate funds and will not be accepted at the time of closing.

  • Mortgage company checks or similar checks, unless certified, DO NOT represent immediate funds and will not be accepted at the time of closing.

  • Only one or two mortgages lenders have branches in Alexandria (Mortgage company officer).Islamic banking is now very much in demand.

  • This is of positive use to the mortgage market because as aspirations grew, so did demand for more expensive homes, which could be attained through mortgage finance.Experts in the field have described mortgage lending as, “more important than the gas can and the loaf of bread.” Hamed Salama, the Sector Head of Internal Audit & Compliance (Mortgage company officer).

  • On the one hand, mortgage lenders are borrowers from banks, so the checks collected from clients serve as the company’s borrowing collateral and mode of payment (Mortgage company officer).


More Definitions of Mortgage company

Mortgage company means Kaufxxx xxx Broad Mortgage Company, an Illinois corporation and a wholly owned Financial Subsidiary of Borrower.
Mortgage company means any private, state, or federal
Mortgage company means a person that is licensed under MCL § 445.1651 to 445.1684, or MCL § 493.51 to 493.81, and has greater than 90 percent
Mortgage company means a person engaged in mortgage business from a principal place of business or branch office, which has been licensed as required by this act.
Mortgage company means, for the purposes of this chapter, a "residential mortgage loan company" as is defined by Finance Code §157.002.
Mortgage company means KB Home Mortgage Company, an Illinois corporation and a wholly owned Financial Subsidiary of Borrower.
Mortgage company means, for the purposes of this chapter, a "residential mortgage loan company" as is defined by Finance Code §156.002.