Mortgage lender definition

Mortgage lender means a domestic or foreign corporation authorized in this state to make loans secured by mortgages or deeds of trust.

Mortgage lender means a “lender” as defined in the Act and which has been approved by the Authority pursuant to the Rules and Regulations.

Mortgage lender shall have the meaning set forth in the recitals hereto.

Examples of Mortgage lender in a sentence

• The Mortgage Lender shall establish and maintain an escrow account.

• Upon termination, a Mortgage Lender shall turn over Mortgage Loans in process (at no compensation or fee therefore) for reallocation to other Mortgage Lenders to complete.

• Nothing herein shall confer any right upon any person other than the Authority (or the Trustee as assignee of certain of the Authority’s rights hereunder), the Servicer and the Mortgage Lender.

• In subsection 4.13(m) of this Agreement, the Mortgage Lender represents and warrants to, and covenants with the Authority and the Servicer with respect to each Mortgage Loan purchased by the Servicer, that the Home located on the Mortgaged Property is complete and in general good repair as of the Mortgage Purchase Date.

• All Mortgagor payments on account of principal, interest, taxes or insurance collected by the Mortgage Lender with respect to a Mortgage Loan prior to the Purchase of such Mortgage Loan shall be held by the Mortgage Lender and shall be transferred by the Mortgage Lender to the Servicer as if such amount had been received subsequent to the Purchase Date.

More Definitions of Mortgage lender

Mortgage lender shall have the meaning set forth in the recitals to this Agreement, together with its successors and assigns.

Mortgage lender means a state or national bank, state or federal savings and loan association, mortgage company, insurance company, state pension fund, or any other financial institution, intermediary, or entity authorized to make mortgage loans in this state.

Mortgage lender means a person who acts as a mortgage lender as that term is defined in item (2) or engages in the business of servicing mortgage loans for others or collecting or otherwise receiving mortgage loan payments directly from borrowers for distribution to another person. This definition does not include engaging in a tablefunded transaction.

Mortgage lender means a person that, directly or indirectly, makes or offers to make mortgage loans.

Mortgage lender means any person who directly or indirectly originates or makes mortgage loans.

Mortgage lender means a first mortgage lender, a first mortgage correspondent lender, or both;

Mortgage lender means a person engaged in the business of making residential mortgage loans in such person's own name utilizing such person's own funds or by funding loans through a warehouse agreement, table funding agreement or similar agreement;