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LendingRisk.com Mortage Industry Dictionary

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

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Seller

A seller is an organization that provides products or services for monetary or other compensation. The term seller is used on LendingRisk.com as a reference to the Originators, Brokers, Lenders and Correspondent seller organizations that originate mortgage loans and subsequently sell them to investors on the mortgage lending secondary market.

See Investor

Seller Agreement

In the mortgage industry a seller agreement is nomenclature for non-standard legal document that is executed between a seller organization and the investor organization that details the rights, responsibilities and recourse for the seller and investor for the duration of the sales relationship. Violations of the seller agreement by either party can result in termination of the lending relationship or legal action.

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