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 ?
Maximum retail price of any generic medicine shall be at least 15pc less than that of the originator brand, authority says
The top 10 Latino mortgage originators from the list were: Carlos Larrazaball, WashingtonFirst Mortgage, Fairfax, Virginia; Manuel Corral, Golden Empire Mortgage, Inc.
Moody's completes the originator assessment at the closing of a
Beech Street originated $4 billion in loans in 2012, making the company the sixth largest agency originator in the country.
The Survey questions cover important factors from each of the six core business areas identified by Hammerhouse as integral to the model-matching relationship between originators and lenders: Leadership, Culture, Business, Operations, Technology and Geography.
The list of loan originators will be updated as more are approved, the SBA said.
While the SBA will provide an 80 percent guarantee on the pools, lenders and the pool originators also are required to retain a stake.
But YSPs can "create financial incentives to steer consumers to riskier loans for which originators will receive greater compensation," the Fed notes in the Federal Register.
Loan originators will be required to provide borrowers their Good Faith Estimate three days after the loan originator's receipt of all necessary information.
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.
* TAX PROFESSIONALS MUST REGISTER AS ELECTRONIC return originators (EROs) at the IRS Web site to e-file corporate tax returns.