Mortgage Company


Mortgage Company
A company engaged in the business of originating and/or funding mortgages for residential or commercial property. A mortgage company is often just the originator of a mortgage; they market themselves to potential borrowers and seek funding from one of several client financial institutions that provide the capital for the mortgage itself.

Many mortgage companies went bankrupt during the subprime mortgage crisis of 2007-2008. Because they weren’t funding most of the loans, they had few company assets, and when the housing markets dried up, their cash flows quickly evaporated.

Some mortgage companies do offer turnkey mortgage services, including the origination, funding and servicing of mortgages. The factors that differentiate one mortgage company from another include relationships with funding banks, products offered and internal underwriting standards.


Investment dictionary. . 2012.

Look at other dictionaries:

  • mortgage company — See loan company …   Ballentine's law dictionary

  • mortgage company — A firm engaged in the business of originating and closing mortgages which are then assigned or sold to investors …   Black's law dictionary

  • Prospect Mortgage Company — Infobox financial name = Prospect Mortgage Company type = Private genre = foundation = 2006 founder = dissolved = location city = Northbrook, Illinois location country = U.S. location = locations = area served = United States key people = Mark… …   Wikipedia

  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

  • mortgage — /morgaj/ A mortgage is an interest in land created by a written instrument providing security for the performance of a duty or the payment of a debt. At common law, an estate created by a conveyance absolute in its form, but intended to secure… …   Black's law dictionary

  • Mortgage Interest Deduction — A common itemized deduction that allows homeowners to deduct the interest they pay on any loan used to build, purchase or make improvements upon their residence. The mortgage interest deduction can also be taken on loans for second homes and… …   Investment dictionary

  • mortgage warehousing — System under which mortgage company holds loans which would ordinarily be sold, in order to sell later at a lower discount. These mortgages are used as collateral security with a bank to borrow new money to loan …   Black's law dictionary

  • Mortgage Choice — Limited Type Public limited company Traded as ASX: MOC …   Wikipedia

  • Mortgage fraud — is crime in which the intent is to materially misrepresent or omit information on a mortgage loan application to obtain a loan or to obtain a larger loan than would have been obtained had the lender or borrower known the truth. In United States… …   Wikipedia

  • Mortgage Foundation — Inc. Type Private Industry Finance Founded 2003 Headquarters Ft Lauderdale, Florida …   Wikipedia


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