Definitions for "Third-Party Origination"
A process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package a mortgage loan. * See also "Mortgage Broker"
When a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market.
A process whereby a lender uses a third party to originate, underwrite, or process mortgages, which he or she then puts on the secondary mortgage market.