Business Glossary-Term List
Welcome to the MISMO Business Glossary - your online source of mortgage industry business terms and data point descriptions. Follow the links provided for Term Type; Focus Area; and Source descriptions; complete terms of authorized usage; and a more detailed description of the MISMO Business Glossary. Search tip: Use quotes for an exact search (e.g., "keyword or phrase").
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An organization that provides a line of credit (Warehouse Line) to the Lender to fund the loan closing. Funds are repaid when the loan is sold or transferred to a permanent investor. Note: While the loan is in Warehouse, the Warehouse Bank may also act as the Document Custodian.
Term Source: MISMO Life of Loan
Term Type: Actor
Focus Area: #MISMOLifeOfLoan, #Origination
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