Direct Lender


Definition of "Direct Lender"

Mike Zoerner
  Power Realtors

A term that small lenders sometimes use to distinguish themselves from mortgage brokers.


Search Real Estate Glossary

 

Related Real Estate Glossary terms

Customer's Extras

Features a home buyer orders from a custom builder or developer when purchasing a home. For example, ...

Reinstatement Clause

Provision in the insurance policy lapses due to premium nonpayment, all unpaid premiums must be pai ...

Semiannual

Also called biannual; twice a year. An example is when lease payments are due January 1 and July 1. ...

Deviated Rate

Rates used by a property and casualty insurance company that are different from that suggested by a ...

Uniform Residential Landlord And Tenant Act

Legislation in 13 states providing protection to people who rent their residences. The act deals wit ...

Assumed Loss Ratio

Projected percentage of the earned premiums that will be required by the insurance company to pay fo ...

Related Real Estate FAQ

What Is A Mortgage Insurance Premium (MIP)?

A mortgage insurance premium is a policy that insures the lender against loss if the homeowner defau ...

What Is PITI And What Does It Stand For?

PITI is the total monthly payment you make on a house-Principal, Interest, Taxes, and Insurance. ...

What Do I Need To Know About Homeowners Insurance?

It is where you live and where your possessions are. Chances are, it\'s your asset. But more than po ...

What Are The Benefits Of Liability Insurance?

General Liability Coverage includes: Bodily Injury Liability Coverage: Help protect you in case ...

What Do I Need To Know About Auto Insurance?

Choosing the auto insurance requires consideration of manyfactors- Take into account everything you ...

What Do I Need To Know About Indemnity Insurance?

A principle of insurance which provides that when a loss occurs, the insured should be restored to t ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Is it better to buy or sell a home first 10 Tips for Homebuyers What is Hazard Insurance? Home Prices - The Extra Costs How To Sell Your Home

FAQ

What is a REALTOR®? What is a fixed-rate mortgage? Do you have any tips to help me manage my investing? Why should I use a real estate agent? What is a loan origination fee?