MORTGAGE BROKER
An intermediary who gathers mortgage borrowers and mortgage lenders together for a mortgage loan but does not use own funds to originate or service mortgages. The broker collates documents from a borrower and gives it to the lender for underwriting and approval. The given funds are in the name of the mortgage lender. The individual or company will collect the origination fee and/or gain spread premium as a compensation for its services.
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Direct Marketing
A marketing strategy in which physical materials like catalogs and flyers are provided to consumers to communicate about a product or service&rsquo ...
Crossover
Point on a stock chart in which a security and an indicator converges. Technical analysts use this in predicting future movements in the stock pric ...
Mini-Sized Dow Options
An option traded in Chicago Board of Trade that has underlying assets which is comprised ...
Adaptive Price Zone - APZ
A kind of technical indicator that assists the investors in identifying possible turning points in the market. The adaptive price zone (APZ) can be ...
Noncredit Services
Fee-based services that do not involve the extension of credit that a lending institution offers to correspondent banks or corporate customers. Non ...
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