Lender: A person or company that offers to lend money to a borrower for a given period of time. The borrower is obliged to repay the loan either by instalments or single payment together with specified interest.

 

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Lender: A person or company that offers to lend money to a borrower for a given period of time. The borrower is obliged to repay the loan either by instalments or single payment together with specif . . . View Full Definition

Institutional Lender: A lender which makes a substantial number of real estate loans, such as banks, savings and loan associations, and insurance companies.

Lender Paid Compensation To Broker: This is also called the Yield Spread Premium. Fee which the lender pays to the mortgage broker for obtaining the loan for his client.

Lenders Escrow Instructions: A lenders written instructions to the escrow company stating the conditions which must be met before the deed of trust can be recorded.

Subprime Lenders: Lenders who specialize in B, C, or D catagory paper.

Institutional Lenders: Savings and loan associations, banks, life insurance companies and mutual savings banks.

Multi-Lender Rule Loans: Loans involving 10 or fewer investors regulated by the Corporation Commissioner.

Noninstitutional Lenders: Credit unions, pension funds, private individuals and real estate investment trusts.

Primary Lenders: Originators of real estate loans including commercial banks, savings and loan associations and mutual savings banks.

Multi-Lender Environment: Numerous lending institution sharing the same site and information to provide instant financing to small businesses.