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 ?
The final rule explains the criteria that will be used to determine whether a state has put in place a system for licensing and registering mortgage loan originators as required by the SAFE Act.
First, it contended that the transaction did not involve granting put options to the mortgage originators that paid commitment fees to Freddie Mac.
Not only does it allow multiple users to change, revise and correct documents swiftly and conveniently, it makes the process more efficient for the originator, who no longer has to search for and then manually make reviewers' suggested changes.
CFPB Director Richard Cordray stated in a press release, "The bureau is committed to working with states and the industry to make interstate transitions as smooth as possible for loan originators.
Solutions such as Funding Suite[R] Credit Report Management, AVSpectrum[R] Automated Valuation Management and AVAIL Prequalifying Services Management are used by more than 30,000 mortgage originators and lenders nationwide.
To be eligible for initial consideration in Scotsman Guide's top originators rankings, originators must have had at least USD40 million in loan volume or 100 closed home loans for the 2015 calendar year.
If the experienced originator has not replaced aging or retired referral sources, prospecting should be a top priority.
These partnerships will create greater convenience and liquidity for originators and lenders using the IMX MatchMaker System," Korell said.
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.
By increasing standards for becoming or remaining a mortgage loan originator, the belief was that unqualified or unscrupulous originators would move on to some other endeavor.
Television marketing represents an extremely difficult medium to perfect, and it is not a vehicle that can typically be used by the local mortgage originator.
While an originator may originate billions of dollars in mortgage loans over the years, it does so by utilizing mortgage warehouse lines of credit and, more recently, repurchase facilities, usually-extended by the same banks buying the mortgage loans after origination.