Mortgage lender
Definition
The party who disburses funds to the borrower at the closing table. The lender receives the note evidencing the borrower's indebtedness and obligation to repay, and the mortgage which is the lien on the subject property.
Related Terms Other terms related to 'Mortgage lender' starting with the letter 'M' Mortgage broker, Monthly debt service, Maximum lock, Mortgage referrals, Mortgage scams Browse by Letter » 1 4 A B C D E F G H I J L M N O P Q R S T U V W Y | 