Originator

(redirected from The Originator)
Also found in: Dictionary, Thesaurus, Legal, Wikipedia.

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 ?
To spend training dollars on how to close a deal if the originator already has an adequate sales knowledge of closing is a poor use of training investment dollars.
The longer the time lapse from instruction to when the originator is using the new material, the more likely the learning will be forgotten.
For example, you will have the option of seeing the final document with the proposed changes highlighted (see exhibit 9, page 74) or what the final document would look like if all changes were accepted by the originator.
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.
An asset-backed transaction, however, which is characterized by its bankruptcy-remote and true sales structure, can attain a rating higher than the originator itself.
The banks should then be asked to specify all facts and identify all portions of the agreements between the originator and the bank that support the bank's assertion that the originator must repurchase or indemnify with respect to the applicable mortgage loans.
However, the applicable guide may state that in determining multiple debts of a borrower, the originator is entitled to rely on a third-party credit report.
Once the mortgage originator accepts the offer, Encompass is designed to automatically upload the file data to the lender and routes the originator into the lender's systems for registration, locking and other loan activities.
In reverse, the servicer's ability to monitor and report on these issues, as well as to contain or control defaults and losses they may cause, should be brought back into the review of the originators platforms,' said Diane Pendley, Managing Director, Fitch Ratings.
The originators of the receivables include CDF, GECC, Brunswick Acceptance Company, LLC (BAC), Polaris Acceptance (PA), and other originators from time to time (all collectively referred to as the Originators).
The issuer will have a direct interest in receivables that the Originators transfer to CDF Funding, Inc.
The originators of the credit receivables, Parmalat Brasil S.