Mortgage Origination definition

Mortgage Origination means the process, by a person or legal entity (other than an employee or agent of a credit provider) of soliciting, completing or concluding credit agreements that are mortgage agreements (as contemplated by the National Credit Act, i.e. are secured, directly or indirectly, by way of the mortgage of immovable property), for or on behalf of a credit provider or a Consumer, where such mortgage origination is undertaken for reward. For the purposes hereof, “completing or concluding credit agreements” will include:
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Mortgage Origination means the process, by a person or legal
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Examples of Mortgage Origination in a sentence

  • Each lender executes a Mortgage Origination Agreement which imposes, among other things, requirements related to the use of confidential information.

  • This Mortgage Origination and Sale Agreement dated as of , 20 (this “Origination Agreement” or “MOSA”), is by and among the Indiana Housing and Community Development Authority (the “Authority”), the Master Servicer (herein defined, but not applicable to; MCC stand-alone program) and (“Participant”).

  • After the Participating ▇▇▇▇▇▇’s completion and execution of the Mortgage Origination and Sale Agreement it will be executed by IHCDA’s Executive Director and returned to the Participating Lender.

  • Please complete and execute all applicable areas of this Mortgage Origination and Sale Agreement via ADOBE Sign.

  • The Authority, the Lender, and Servicer have entered into a Mortgage Origination Agreement for Iowa Finance Authority Single Family Financing Programs (the “Original Mortgage Origination Agreement”).

  • The Authority reserves the right to immediately terminate the Lender’s access to the HFA Preferred Risk Sharing product if any HFA Preferred Risk-Sharing Mortgage Loan originated by the Lender is subject to repurchase by the Authority, if the Lender fails to meet any obligation of the Mortgage Origination Agreement including this Addendum, or if the Authority determines that it shall no longer offer the HFA Preferred Risk Sharing product.

  • Lender and Principal have entered into a Mortgage Origination and Servicing Agreement of even date herewith (“MOSA” or the “Agreement”), pursuant to which Principal has agreed to perform certain services relating to the origination, closing and servicing of commercial loans and Sub Debt loans (collectively referenced herein as an “Investment” or “Investments”).

  • Terms used with initial capital letters but not defined herein shall have the meanings given such terms in the Original Mortgage Origination Agreement.

  • Lender and Principal have entered into a Mortgage Origination and Servicing Agreement of even date herewith (the “Agreement” or “MOSA” ), pursuant to which Principal has agreed to perform certain services relating to the origination, closing and servicing of commercial mortgage loans and Sub Debt loans (collectively referenced herein as “Investment” or “Investments”).

  • Lender and Principal have entered into a Mortgage Origination and Servicing Agreement of even date (the “Agreement” or “MOSA”), pursuant to which Principal has agreed to perform certain services relating to the origination, closing and servicing of commercial mortgage loans and Sub Debt loans (collectively referenced herein as “Investment” or “Investments”).

Related to Mortgage Origination

  • Mortgage loan originator means any institution which originated a Mortgage Loan for a related Borrower.

  • Mortgage shall have the meaning assigned to such term in the recitals.

  • Loan originator The entity that closes a Mortgage Loan in its own name.

  • Registered mortgage loan originator means any individual who:

  • Mortgage Servicing Rights The rights and responsibilities of Seller with respect to servicing the Mortgage Loans under the Servicing Agreements, including any and all of the following if and to the extent provided therein: (a) all rights to service a Mortgage Loan; (b) all rights to receive servicing fees, Ancillary Income, reimbursements or indemnification for servicing the Mortgage Loan, and any payments received in respect of the foregoing and proceeds thereof; (c) the right to collect, hold and disburse escrow payments or other payments with respect to the Mortgage Loan and any amounts actually collected with respect thereto and to receive interest income on such amounts to the extent permitted by Applicable Law; (d) all accounts and other rights to payment related to any of the property described in this paragraph; (e) possession and use of any and all Credit Files pertaining to the Mortgage Loan or pertaining to the past, present or prospective servicing of the Mortgage Loan; (f) to the extent applicable, all rights and benefits relating to the direct solicitation of the related Mortgagors for refinance or modification of the Mortgage Loans and attendant right, title and interest in and to the list of such Mortgagors and data relating to their respective Mortgage Loans; and (g) all rights, powers and privileges incident to any of the foregoing.