Third-party Mortgage Originator Definition

In one sense, a third-party mortgage originator is nothing more than a mortgage broker-a person or company that matches mortgage lenders to mortgage seekers and conducts the mortgage loan processing without actually lending any money.

In a more general sense, you could consider anybody involved in any aspect of the mortgage process to be a third-party mortgage originator. This might include someone funding, closing, or even underwriting the mortgage on behalf of the lender. In today’s crazy mixed-up mortgage world, you stand a good chance of dealing with at least one or two third-party mortgage originators in a mortgage process.