Originator


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Originator

A bank, savings and loan, or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting syndicate.

Originator

1. A bank that makes a loan, especially a mortgage loan, to a client. The originator has the ability to sell that loan to another party, usually to create a derivative product of some kind. As a result, one often hears about originators in discussions of mortgage-backed securities.

2. An investment bank that works with a company in planning a new issue from the earliest stage. The originator usually becomes the syndicate manager when the issue actually is made.

originator

A financial institution that makes loans that are then resold.
References in periodicals archive ?
Scotsman Guide, the leading resource for mortgage originators, released its fifth annual Top Originators rankings on April 1.
The rule further clarifies that employees of government agencies and bona fide nonprofit organizations who act as loan originators only as part of their duties do not engage in the business of a loan originator and do not require licensure by states.
The originator adjustment may have a positive, neutral or negative effect on the MILAN Aaa credit enhancement level.
Freddie Mac countered that a mortgage originator received an option to sell a mortgage to it in return for the commitment fee; thus, the fee was an option premium.
If another reviewer replies with changes, the originator gets the same type of prompt.
This separation from the originator's credit risk allows the rating agencies to assign an asset-backed rating that's higher than the originator could attain on a stand-alone basis.
Similar to the NFL, mortgage banking requires an originator to join a company with the correct talent set, but also be able to adjust to necessary changes that are frequent and dramatic.
Cohn has been the top mortgage originator nationwide six times and has finished no lower than third on four other occasions.
Lender Lead Solutions offers reverse mortgage originators complete lead-to-closed loan services and currently provides leads, underwriting, technology and education services to more than 3,000 loan officers at approximately 600 broker and lender organizations.
Increasing upfront screening, education, testing and fees, and enhancing ongoing requirements to remain a mortgage loan originator would force the poorly qualified originators out of the business--if these requirements were enforced across the board.
Scotsman Guide, the leading resource for mortgage originators, released its second annual Top Originators rankings on April 1.
To help insure third-party origination quality, IMX completes a thorough due diligence process on each broker and originator before they are approved to use the system.