Mortgage originators are part of the primary mortgage market. They must work with underwriters and loan processors from the application date until closing to gather the necessary documentation and guide the file through the approval process.
An originator is responsible for procuring grain from producers, growers and grain elevators. They maintain and grow business relationships by providing strong, credible and trustworthy services for producers.
Loan Originators evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods.
originator | Business English
the person who first thinks of something and causes it to happen: There are lots of reasons why the inventor or originator of an idea may not get the lion's share of the rewards. FINANCE. a person or company that arranges loans or other investments: loan/mortgage originator.
Securing deals like making sales and investments can be a crucial component for ensuring a business's success in its market. Identifying and closing these deals requires a process called deal origination where professionals shop for and pursue the best opportunities.
The originator of something such as an idea or scheme is the person who first thought of it or began it.
The originator is typically a financial institution that extends credit, such as a bank or mortgage lender. Other originators include large commercial enterprises, utilities, or specialist entities set up for securitization purposes.
The same is true for VoIP providers. They work together to connect calls from one location to the recipient number, or destination. Call Origination is where the number is dialed from, while Call Termination refers to the location of the recipient.
The goal of deal origination is to ensure and maintain viable deal flow. Your deal origination process will involve a great deal of relationship-building, along with pitching buyers and lead generation. Deal origination involves: Gaining knowledge of the deals in the market so you can place bids.
Definitions of originator. noun. someone who creates new things. synonyms: conceiver, mastermind.
Must be able to assess financial statements - profit and loss, balance sheet and cash-flow statements (both statutory and customer source data) and undertake suitable lender due diligence. Must be able to form a strong and objective opinion on asset values in both solvent and insolvent scenarios.
/əˈrɪdʒ. ən.eɪ.t̬ɚ/ the person who first thinks of something and causes it to happen: He is best known as the originator of a long-running TV series.
As an MLO, you may be able to enjoy a flexible schedule, no cap on your earnings, and the opportunity to help people's dreams come true. Plus, because people will always need to buy places to live, you'll enjoy solid job security. It's worth noting, though, that mortgage loan originating is a highly regulated industry.
In today's high-tech age, being a loan officer often feels like a round-the-clock occupation. There's always emails to send, phone calls to make, leads to acquire, relationships to nurture, and loans to close. A daily to-do list is the life raft that will keep you from drowning in work-related tasks.
Identifies the appropriate customer base and develops and implements a marketing strategy and plan. Solicits new and manage existing relationships with developers and owners. Monitors markets and competitors. This may include engagement with critical actors such as state allocating agencies and other agencies.
How Does a Loan Origination Work? Loan origination is the process lenders use to assess and approve borrower applications for various forms of debt. These include loans and mortgages. Originations go from the initial application for credit through underwriting and the approval process.
Dismissal (colloquially called firing or sacking) is the termination of employment by an employer against the will of the employee.
Mobile Originating refers to a message being sent from a mobile handset. The message is ORIGINATED at the mobile/cellphone end. Mobile Terminating (MT) refers to a message being sent to a mobile handset. The message is TERMINATED at the mobile/cellphone end.
The mortgage originator is the primary lender and can act as a mortgage banker or broker. Originators fall under the primary mortgage market division and collaborate with loan processors and underwriters throughout the entire process from start to approval status, and handle the collection of relevant documentation.
Definitions of origination. noun. the act of starting something for the first time; introducing something new. synonyms: creation, foundation, founding, initiation, innovation, instauration, institution, introduction.
The Contract Originator. The Contract Originator is the most important person in the contracting process. He or she is the subject matter expert who makes the initial determination that Samford should enter a business transaction and what the basic terms of the transaction should be.
Financial Terms By: O. 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.
The Creator of the Trust
All trusts have a grantor, sometimes called a settler or trustor. This is the person who creates the trust and is the one who has the legal capacity to transfer property held under the trust. When this person dies, he is called the decedent. The assets in the trust are supplied by the grantor.
Obligor: An obligor is a customer of the originator who is obliged to pay on a contractual basis for goods or services provided by the originator (eg, a trade debtor or a home loan borrower).