- originator
- A bank, savings and loan , or mortgage banker that initially made a mortgage loan that is part of a pool. Also, an investment bank that has worked with the issuer of a new securities offering from the beginning and is usually appointed manager of the underwriting syndicate. Bloomberg Financial Dictionary
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originator o‧rig‧i‧nat‧or [əˈrɪdʒneɪtə ǁ -ər] noun [countable]1. someone who has an original idea, starts an activity etc:• Xerox was the originator of many innovations.
2. FINANCE a financial institution that makes a loan, rather than one that buys the loan, collects interest payments on it etc:• Many banks have been large originators of business loans, but resell the loans to other lenders.
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originator UK US /əˈrɪdʒəneɪtər/ noun [C]► the person who first thinks of something and causes it to happen: »There are lots of reasons why the inventor or originator of an idea may not get the lion's share of the rewards.
► FINANCE a person or company that arranges loans or other investments: loan/mortgage originator »The company is the largest private-sector originator of student loans insured by the federal government.
Financial and business terms. 2012.