Apr 20 , 2016

Tampa School of Real Estate

Mortgage Lender

Definition:    a business entity that originates, sells and then services mortgage loans.  They are not depository institutions.  They originate loans and then package the loans together and sell the entire package.

Pronunciation:   \ˈmȯr-gij\

Used in a Sentence:    Mortgage lenders are the largest originators of residential real estate loans.