Mortgage Industry Jargon

noun A person or entity that lends money to a borrower for the purpose of purchasing real estate, with the property serving as collateral for the loan.

• The mortgagee has the legal right to foreclose on the property if the borrower defaults on the loan.
• If you miss too many payments, the mortgagee can take your house.
• The bank is the mortgagee, so make sure you pay your mortgage on time.
• In this scenario, the mortgagee represents the financial institution holding the loan.

noun the point at which something begins or is created

• The origination of the company can be traced back to the early 1900s.
• I'm not sure about the origination of this tradition, but it's been around for a long time.
• I heard a crazy story about the origination of that meme, but who knows if it's true.
• The origination of his success can be attributed to his hard work and dedication.