Distinct elements of a mortgage loan include

Question

Quizplus · Accepted Answer

All three options - origination, investment, and servicing - are distinct elements of a mortgage loan.

Origination refers to the process of creating a new mortgage loan, including the application, underwriting, and approval stages.

Investment refers to the purchase or ownership of the mortgage by an investor, which can include individuals or institutions such as banks, pension funds, or government-sponsored entities.

Servicing refers to the ongoing management of the mortgage after it has been originated and invested in. This includes collecting and distributing payments, managing escrow accounts, and handling delinquencies or defaults.

Distinct Elements of a Mortgage Loan Include