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FirstAm Unit Offers E-Docs on Int'l Mortgages

FirstAm Unit Offers E-Docs on Int'l Mortgages

This is a discussion on FirstAm Unit Offers E-Docs on Int'l Mortgages within the Mortgage Know-How forums, part of the Mortgage and Loans Forum category; First American Loan Production Solutions has begun offering electronic document packages that allow lenders to originate and close mortgages on ...

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Mortgage Know-How A mortgage is the transfer of an interest in property (or the equivalent in law - a charge) to a lender as a security for a debt - usually a loan of money. While a mortgage in itself is not a debt, it is the lender's security for a debt. It is a transfer of an interest in land (or the equivalent) from the owner to the mortgage lender, on the condition that this interest will be returned to the owner when the terms of the mortgage have been satisfied or performed. In other words, the mortgage is a security for the loan that the lender makes to the borrower.

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08-19-2008, 07:14 PM

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FirstAm Unit Offers E-Docs on Int'l Mortgages

First American Loan Production Solutions has begun offering electronic document packages that allow lenders to originate and close mortgages on US purchases of investment properties and second homes in Costa Rica, the Dominican Republic ...

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(Source: Google Blog Search)

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edocs, firstam, int'l, mortgages, offers, unit

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