Originate definition
Originate means any of the following:
Originate means do any of the following for compensation or gain, or in the expectation of compensation or gain, in connection with a residential mortgage loan:
Originate or “Origination” means a Person’s actions in taking an application for, underwriting or closing a Mortgage Loan.
Examples of Originate in a sentence
Seller currently holds all approvals, authorizations and other licenses from the Agencies required under the Guides (or otherwise) to Originate, hold, service and sell Multifamily Loans.
More Definitions of Originate
Originate means to solicit, place, negotiate, offer to make, or broker a mortgage loan;
Originate means to arrange, negotiate, or make a consumer loan.
Originate means to make an underwriting decision on a loan and close a loan.
Originate includes direct primary origination as well as purchase in connection with the distribution by syndication of a Collateral Obligation, participation in a “club” deal or similar arrangement. The term “Originated” has a correlative meaning.
Originate means the transmission of a file to a Clearing System for the purposes of effecting an EFT.
Originate means to submit an application or documentation to a mortgage lender or underwriter in an attempt to obtain a residential mortgage loan.
Originate means to submit an application or documentation