Originators are the individuals or firms who post offerings soliciting opportunities on Yieldstreet or other crowdfunding platforms. Originators can determine the terms of the loan with the borrower. Once the originator and borrower have approved the terms, the originator will return it to Yieldstreet which will fund all or part of the loan.
When a borrower requires a loan from any type of financial institution, an originator will act as the liaison between the lender and the borrower. The originator takes the borrower through all of the procedures to complete the loan application.
This involves collecting all the necessary documents, and verifying whether the provided information is correct. The originator will assist with answering questions on the loan application for the borrower.
A mortgage loan originator, also known as the mortgage officer, assists borrowers to get the right mortgage for real estate transactions. The mortgage officer will determine the amount of the loan and the interest rate thereof.
The mortgage officer will conclude proceedings on the loan application by verifying the information and documents provided by the borrower. The MLO can work alongside an associated financial institution, or with several lenders.
When an MLO works with several lenders, borrowers may have access to a wider set of lending opportunities and can decide on a loan that best suits their financial situation.
What's Yieldstreet?
Yieldstreet provides access to alternative investments previously reserved only for institutions and the ultra-wealthy. Our mission is to help millions of people generate $3 billion of income outside the traditional public markets by 2025. We are committed to making financial products more inclusive by creating a modern investment portfolio.