A company that originates, processes, and administers mortgage loans or other real estate investments on a continuing basis for investors.
An abbreviated term meaning mortgage loan correspondent. A mortgage banker who services loans as an agent for the owner of the mortgage. Also applies when a mortgage company originates a loan for an investor.
The seller of an Eligible Loan to TMHL pursuant to the terms of the Correspondent Loan Purchase Agreement and this Correspondent Sellers Guide. The term â€œCorrespondent,â€ when Eligible Loans are sold servicing retained, shall be deemed to mean â€œServicerâ€ as used in the Master Servicer Guide.