GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

How often this word is used
 
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50% - Moderately

Lead Lender


Synonyms:arranger, syndicated bank facility, syndicated loan
Filed Under: financial-banking, mortgages
Tags: banking, mortgage
 

Definition of lead lender

lead lender
1. A financial institution that governs or leads a financial consortium or syndicate to provide funds for mortgages.

Related Terms and Acronyms:

  • bank   An institution that acts as a financial intermediary by receiving money from depositors and lenders and also lending to borrowers.
  • credit   Money that a lender gives to a borrower on condition of repayment over a certain period.
  • lender   The bank or mortgage company offering the loan.
  • loan application   A document in which a prospective borrower details his or her financial situation to qualify for a loan.
  • loan processing   The steps taken by a lender to convert a loan application into an approved loan for the potential borrower. These steps include processing the application, conducting a credit investigation, evaluating the loan, etc.
  • mortgage (mtg)   A mortgage is a contract stipulating a specific real property, typically a residence or building, as collateral for a loan. The mortgage incurs a rate of interest that varies according to term and other features.
  • mortgage application   A document in which a prospective borrower details his or her financial situation to qualify for a loan.
  • mortgagee   The lender in a mortgage transaction.

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