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Mortgage Lender

Mortgage Lender

A company that lends money on the security of land, houses, and real estate. A mortgage lender is the institution that provides the money to the borrower at closing. The borrower in turn, will sign a note provided by the lender stating their debt, their obligation to pay, and acknowledging that a lien has been placed on their property.

In the event that the borrower defaults on the loan, the lender will begin the process of foreclosing.

See: Mortgage Lenders, Mortgage Brokers, Loan Officers

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