| 
Sponsors
TheTechMap.com
TheTechMap.com
University of Phoenix
University of Phoenix

Search for glossary terms (regular expression allowed)
Begins with Contains Exact term
All | A | B | C | D | E | F | G | H | I | J | K | L | M | N | O | P | Q | R | S | T | U | V | W | Y | Z

O

Term Definition
Obligee
The person in whose favor an obligation is made.

Obligor
The person who binds themselves to another.

Option
The right, but not obligation, to purchase or lease a property upon specific terms within a specific time period.

Ordinances
The rules by municipalities governing the use of land.

Origination Fee
A fee paid to either a lender or a broker for originating a loan. It may be the sole compensation for their work in arranging and/or processing the loan, or it may only be a portion of the compensation. Some loans do not have an origination fee.

Originator
An individual that works with a borrower to start a loan. Typically the employee of a financial institution, the employee of a broker or an independent contractor affiliated with multiple brokers, the originator determines the type of loan a borrower most-likely qualifies for, helps the buyer complete an accurate application, gathers the documents necessary to get an approval and acts as an intermediary between the borrower and the underwriter.

Search
Investment - Companies
Connect with us