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.
Department of Housing and Urban Development has published a final rule setting the minimum standards that states must meet to comply with the Secure and Fair Enforcement for Mortgage Licensing Act of 2008 (SAFE Act) in licensing mortgage loan originators.
The approach also standardises the framework used to derive the OA score, which ensures a more consistent OA approach across EMEA, and enables Moody's to compare originators within EMEA.
During the years in question (1985-1990), approximately 99% of the mortgage originators paying the commitment fee consummated a sale transaction by delivering a mortgage loan to Freddie Mac.
WCS Lending congratulates Michael Alexander & Stuart Shanefield for their ranking on Scotsman Guide's 2011 Top Originators list, the most intensely verified and comprehensive ranking of its kind.
Originators are the sales people of the industry and the face of home lending for many consumers.
Originators who think "back to the basics" is enough to win today have missed the fact that the change that has occurred in mortgage banking requires new selling skills.
For the 10th consecutive year, Melissa Cohn, chairman/CEO of the Manhattan Mortgage Company, is the top residential mortgage broker in the northeast and one of the country's most prolific loan originators.
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.
The SAFE Act, which was a part of the Housing and Economic Recovery Act of 2008, was designed to protect consumers from abuse by mortgage originators with criminal histories, a lack of education or a lack of training.
Scotsman Guide, the leading resource for mortgage originators, released its second annual Top Originators rankings on April 1.
IMX) has announced the debut of an electronic commerce system for mortgage lenders and originators to buy and sell mortgage loans in a more efficient and economical manner.