Definition: an act or behavior that gravely violates the sentiment or accepted standard of the community Pronunciation: \-ˈtər-pə-ˌtüd, -ˌtyüd Used in a Sentence: State licensing authorities may refuse to issue a license to any person convicted of a crime involving moral turpitu..
Category : M
Definition: a legal agreement in which a person borrows money to buy property and pays back the money over a period of years Pronunciation: \ˈmȯr-gij\ Used in a Sentence: We applied for a 30 year mortgage when we bought ..
Definition: a person or firm that acts as an intermediary between borrower and lender: one who , for compensation or gain, negotiates, sells or arranges loans and sometimes continues to service the loans Pronunciation: \ˈmȯr-gij\\ˈbrō-kər\ Used in a Sentence: We used a mortgage broker to negotiate the best loan for our..
Definition: fee paid by FHA borrowers to obtain a loan (up front and annual) Pronunciation: \ˈmȯr-gij\ \in-ˈshu̇r-ən(t)s\ \ˈprē-mē-əm\ Used in a Sentence: The MIP payment was calculated into our monthly mortgage..
Definition: a business entity that originates, sells and then services mortgage loans. They are not depository institutions. They originate loans and then package the loans together and sell the entire package. Pronunciation: \ˈmȯr-gij\ Used in a Sentence: Mortgage lenders are the largest originators of residential real est..
Definition: person who solicits or offers to solicit mortgage loans, accepts or offers to accept mortgage loan applications, negotiates the terms or conditions of new or existing loans, processes loan applications or negotiates the sale of existing loans to noninstitutional investors Pronunciation: \ˈmȯr-gij\\-ˈri-jə-ˌnā-tər\ Used in a Sentence: The mortgage loan originator negotiated the terms ..
Definition: a lender who holds a mortgage on specific property as security for the money loaned to the borrower Pronunciation: \ˌmȯr-gi-ˈjē\ Used in a Sentence: We used our local bank as the mortgagee for our ..
Definition: a person who borrows money for buying property; a person who takes out a mortgage in order to buy property Pronunciation: \ˌmȯr-gi-ˈjȯr\ Used in a Sentence: The mortgagor gave the mortgage as security along with a note as a promise to repay..
Definition: licenses held by a broker in two or more real estate brokerage firms Pronunciation: \ˈməl-tə-pəl\\ˈlī-sən(t)s\ Used in a Sentence: Because Jane was the broker for two separate brokerage entities she was required to have multiple..
Definition: a service arrangement among members of a real estate board or exchange that allows each member broker to share listings with other members so that greater exposure is obtained and a greater chance of a sale will result. Pronunciation: \ˈməl-tə-pəl\ Used in a Sentence: Our realtor used the MLS to find several houses for ..