Sentences with phrase «function as a lender»

If this type of mortgage broker only makes mortgage loans available from one source of funds, the mortgage broker may or may not be functioning as the lender's agent.

If this type of mortgage broker only makes mortgage loans available from one source of funds, the mortgage broker may or may not be functioning as the lender's agent.

Not exact matches

They function as the sales force for wholesale lenders, matching borrowers to the best loan product and lender for their situation.

While you must create a free account with Rocket Mortgage to use this function, it represents a more detailed and convenient means of getting a rate quote as opposed to calling a local lender for a verbal estimate.

While you must create a free account with Rocket Mortgage to use this function, it represents a more detailed and convenient means of getting a rate quote as opposed to calling a local lender for a verbal estimate.

The interest rate buy down functions as a reduction in the interest rate paid by customers as compared to the typical rate charged by participating lenders.

The lender's title policy is sometimes called a «loan title policy» and it functions in much the same way as your owner's title policy.

If a correspondent lender makes mortgage loans available from one source of funds, they may be functioning as the exclusive agent of the funding lender.

Lenders may advertise vacation loans, but they function in the same way as a personal loan.

When banks were the main providers of credit, the financial stability mandate of central banks could be summarised as their lender of last resort function: in times of crisis, lend freely, at a penalty rate and against collateral that would be good in normal times but may be impaired in times of crisis.

Regulators are watching to see how various types of alternative debt sources function, how active they are in the current cycle and how those lenders perform as the market cools and delinquencies rise, notes Chandan.

But more and more, servicing is splitting off as a distinct function that may or may not be administered by a lender — particularly for loans in distress.

If a correspondent lender makes mortgage loans available from one source of funds, they may be functioning as the exclusive agent of the funding lender.

By separating out mortgage securitization as a government function and mortgage origination as the province of private lenders, the system helps avoid perverse incentives by the mortgage securitization entity to make excessively risky loans to feed the creation of securities.