The lender in a mortgage agreement. Mortgagor - The borrower in a mortgage agreement.
The lender or other party named in the mortgage as the party who’s entitled to receive repayment of the home loan.
"Mortgagee" means any person who is:
(a) A mortgagee under a mortgage;
(b) A beneficiary under a trust deed; or
(c) The vendor under a land sale contract.
The party that advances the loan.
The institution or individual to whom a mortgage is given.
The mortgagee is the person or organisation who lends the money to purchase the goods or property.
Mortgagee has been defined 11 different ways in documents like HUD Glossary, Glossary of Home Loan & Lending Terms, Residential Finance Survey, and 7 more.
A dictionary of legal, industry-specific, and uncommon terms.