Mortgage Loan Broker
Third-party PersonPersonLegal person, including an individual, estate, trust, corporation, partnership, limited liability company, financial institution, joint venture, association, or other organization or entity (whether governmental or private). who arranges
- Mortgage LoanMortgage LoanMortgage debt obligation evidenced, or when made will be evidenced, by the Loan Documents, or a mortgage debt obligation with a Fannie Mae credit enhancement. financing on the Borrower’sBorrower’sPerson who is the obligor per the Note. behalf, or
- Transfers/AssumptionsTransfers/AssumptionsTransaction changing the ownership of the Borrower or Property.
on behalf of the
- new BorrowerBorrowerPerson who is the obligor per the Note. for an assumption, or
- transferee for a transfer.
Synonyms
Broker
Brokers
Mortgage Loan Brokers