In a mortgage agreement, the borrower conveys to the lender a security interest in the mortgage property. The lender, i.e. the individual who receives the mortgage claim, is known as the:

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The term "mortgagee" refers to the lender who receives the security interest in the mortgage property. Choices A, B, and C do not accurately describe the lender in a mortgage agreement. A broker may assist with the transaction, but is not the lender. The mortgagor is the borrower who conveys the security interest to the lender. An agent may represent either the borrower or the lender, but is not the lender themselves.

In a Mortgage Agreement, the Borrower Conveys to the Lender