Google
 

Mortgage Dictionary


Terminology, definitions, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries, as they are used on LendingRisk.com.

Select the first letter of the term you want to find.
[ Lookup | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | X | Y | Z ]



I

Indemnity
In the secondary mortgage market, when an investor determines that a loan purchased from a seller contains a defect, the investor can request in accordance with the seller agreement that the seller provide an insurance policy to protect the investor in the event of loan default. This insurance policy is commonly referred to as an indemnification or indemnity. Smaller seller organizations will typically chose to pay for an indemnification in lieu of repurchasing the loan from the investor.

See Investor
See Mortgage Loan Repurchase & Indemnity Overview
See Repurchase
See Seller
Investment Property
A mortgage loan with a property usage type of investment property indicates that the borrower does not maintain the property for personal use and most likely offers the property for rental.

See Mortgage Loan Occupancy and Property Usage Types
See Primary Residence
See Property Usage Type
See Second Home

Investor
An investor is an organization that purchases and holds assets. The term investor or investors is used on LendingRisk.com as a reference to organizations that purchase and hold mortgage loans as an asset. Specifically, the correspondent or wholesale lenders that fund or buy mortgage loans from sellers are "Investors".

See Seller

Suggest A Term

Return to top

Terminology, definitions, terms, explanations, and documents for business professionals in the mortgage lending and mortgage risk management industries.