Mortgage Lending
/ˈmɔːrɡɪdʒ ˈlɛndɪŋ/
Definitions
- (n.) The process by which a lender provides funds to a borrower secured by real property as collateral, establishing a mortgage lien.
Mortgage lending typically involves underwriting the borrower's creditworthiness and property valuation.
- (n.) The business or practice of originating, funding, and managing mortgage loans.
Mortgage lending institutions must comply with federal and state regulations.
Related terms
See also
Commentary
Often used interchangeably with 'mortgage loan origination'; clarity is essential to distinguish between the act and the business practice in contracts and regulations.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.