Mortgage Broker/Company at Real Estate Glossary
What is it? A person or firm that acts as an intermediary between borrower and lender; one who, for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans; also called a loan broker. Loans originated by the mortgage broReal Estate Definition Added By: Ashlyn
The Mortgage Broker/Company definition has been viewed 80 Time(s)!
Send To Friends!
If you'd like to send the Mortgage Broker/Company definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -We hope you now understand the meaning of Mortgage Broker/Company. If you need any more information on this term, please don't hesitate to contact us.
Other Similar Real Estate Terms:
Real Estate Term Reserve Requirements is A flat percentage of deposits, required by the Federal Reserve, to be set aside by member banks as a precaution. (See Federal Reserve)Real Estate Term Latent Defect is A hidden structural defect that would not be discovered by ordinary inspection and that threatens the propertys soundness or the safety of its inhabitants. Some states impose on sellers and licensees a duty to inspect for and disclose latent defects. Buy
Real Estate Term Prescription is Acquiring a right in property, usually in the form of an intangible property right such as an easement or right-of-way, by means of adverse use of property that is continuous and uninterrupted for the prescriptive period established by state statute. Use
Real Estate Term Portfolio lender is A lender who makes loans with its own funds and keeps the loans on the companys books--in other words, inside the institutions portfolio--rather than selling the loan on the secondary market.
Real Estate Term Personal Property is Things that are tangible and movable; property that is not classified as real property, such as chattels. Title to personal property is transferred by way of a bill of sale, as contrasted with a deed for real property.