A permanent mortgage, obtained by pre-arrangement between
a builder and a financial institution, to repay the
interim mortgagee at the completion of construction.
A claim against real estate for the amount of its unpaid
A process by which 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 legal document showing a person's right to or ownership
of a property.