Lead Lender
Definition
- A financial institution that governs or leads a financial consortium or syndicate to provide funds for mortgages.
Synonyms
syndicated bank facility, syndicated loan, arranger
Related Terms and Acronyms
- Bank — Definition,
- An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
- Credit — Definition,
- Money that a lender gives to a borrower on condition of repayment over a certain period.
- Lender — Definition,
- The bank or mortgage company offering the loan.
- Loan Application — Definition,
- A document in which a prospective borrower details his or her financial situation to qualify for a loan.
- Loan Processing — Definition,
- The steps taken by a lender to convert a loan application into an approved loan for the potential borrower. These steps include processing the application, conducting a credit investigation, evaluating the loan, etc.
- Mortgage (mtg) — Abbreviation, Important,
- A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
- Mortgage Application — Definition, Very Important,
- A document in which a prospective borrower details his or her financial situation to qualify for a loan.
- Mortgagee — Definition, Important,
- The lender in a mortgage transaction.
