Examples of Residential mortgage lender in a sentence
Residential mortgage lender" means any person, bank, or savings and loan association that lends money or extends or grants credit and obtains a residential mortgage to assure payment of the debt.
Residential mortgage lender license required.Except as otherwise provided, a person other than a residential mortgage lender licensed and authorized under this chapter may not engage in residential mortgage lending in the state without a residential mortgage lender license issued by the commissioner.
A loan or finance company is not a financial institution as defined in the regulations in this part at 1010.100(t).(1) Residential mortgage lender ororiginator.
The Society is a Prime Residential mortgage lender which seeks to build and maintain credit portfolios that support the Society’s purpose and maintains the capital strength to support our differentiated product mix through an economic cycle.Credit risks are inherent across the Society’s lending activities and may arise from changes in credit quality, such as a borrower’s risk profile, and the recoverability of loans and amounts due from counterparties.
For the purposes of this paragraph (ddd), the term “loan or finance company” shall include a sole proprietor acting as a loan or finance company, and shall not include a bank, a person registered with and functionally regulated or examined by the Securities and Exchange Commission or the Commodity Futures Trading Commission, or an individual employed by a loan or finance company or financial institution under this part.(1) Residential mortgage lender or originator.