Loan origination is the process during which a borrower submits a loan application and a financial institution or lender processes that application. There is usually an origination fee associated with this process.
A mortgage servicer manages the daily administrative work around a loan, including processing loan payments, responding to borrower inquiries, and tracking principal and interest paid.
Loan servicing is a term for the administrative aspects of maintaining your loan, from the dispersal of the loan to the time it’s paid in full. Loan servicing includes sending the borrower monthly statements,
The loan-to-value ratio, or LTV ratio, is calculated by dividing the amount borrowed by the appraised value of the property, and is expressed as a percentage. The loan-to-value (LTV) ratio shows how much you’re
The number of days between the date the home was listed for sale and when the home went pending or off-market. Includes all listings that went pending or off-market within a given time period,
The midpoint listing price of all active homes during a given time period, where 50% of the active listings were above this price and 50% were below this price.
A midpoint value expressed as the most recent listing price divided by the total above-ground square footage of the property (not the lot). This metric includes all homes within a given time period, where