Mortgage Lenders

Computerized Loan Origination (CLO)
Computerized Loan Origination (CLO) refers to the process of initiating a mortgage loan using specialized computer software that connects the originator with one or more mortgage lenders. This system allows real estate brokers to offer a wider range of services.
Federal Home Loan Bank System (FHLB)
A former system that provided credit reserves to savings and loan associations, cooperative banks, and other mortgage lenders, akin to the Federal Reserve Bank's function for commercial banks.

Accounting Terms Lexicon

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