Dictionary of Banking Terms: originator
originator
- bank that initiates a wire transfer or automated clearing house payment.
- bank, mortgage banker or savings institution that makes mortgage loans and then assembles the loans into a pool for resale to an institutional investor. See also asset-backed securities; secondary mortgage market.
Dictionary of Business Terms: originator
originator
- bank, savings and loan, or mortgage banker that initially made the mortgage loan comprising part of a pool of mortgages. See also pass-through certificate.
- investment banking firm that worked with the issuer of a new securities offering from the early planning stages and that usually is appointed manager of the underwriting syndicate.
- in banking terminology, initiator of money transfer instructions.
Dictionary of Finance and Investment Terms: originator
originator
- bank, savings and loan, or mortgage banker that initially made the mortgage loan comprising part of a pool of mortgages.
- investment banking firm that worked with the issuer of a new securities offering from the early planning stages and that usually is appointed manager of the underwriting syndicate; more formally called the originating investment banker.
- in banking terminology, the initiator of money transfer instructions.
