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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.

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O

Occupancy Type
A mortgage loan's occupancy type is often confused with the loan's property usage type. The occupancy type indicates occupancy status of the mortgaged property. Examples of occupancy types are:
  • Abandoned
  • Owner Occupied
  • Tenant Occupied
  • Vacant


See Mortgage Loan Occupancy and Property Usage Types
See Property Usage Type


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