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Originator

November 3, 2015 • 2 min read

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.

What role does the originator have?

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.

Mortgage Loan Originators (MLO)

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 are the types of mortgage originators?

Mortgage Bankers

Individuals associated with a financial institution can carry out mortgages making use of their personal funds.

Mortgage Loan Originator

As previously discussed, the MLO acts as a middleman, assisting with the collection and verifying of the borrower’s information. The MLO connects the borrower with the lender and provides additional ‘education’ about the loan. Throughout the process of the loan application, the originator will guide and assist the borrower.

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² Represents an average net realized internal rate of return (IRR) with respect to all matured investments in your portfolio, utilizing the effective dates and amounts to and from the investments and net of management fees and all other expenses charged to the investments. Past performance is not a reliable indicator of future results and should not be relied upon as the basis for making an investment decision. All securities involve risk and may result in significant losses, including the loss of principal invested.[read more]

³ "Annual interest," "Annualized Return" or "Target Returns" represents a projected annual target rate of interest or annualized target return, and not returns or interest actually obtained by fund investors. “Term" represents the estimated term of the investment; the term of the fund is generally at the discretion of the fund’s manager, and may exceed the estimated term by a significant amount of time. Unless otherwise specified on the fund's offering page, target interest or returns are based on an analysis performed by Yieldstreet of the potential inflows and outflows related to the transactions in which the strategy or fund has engaged and/or is anticipated to engage in over the estimated term of the fund. There is no guarantee that targeted interest or returns will be realized or achieved or that an investment will be successful. Actual performance may deviate from these expectations materially, including due to market or economic factors, portfolio management decisions, modelling error, or other reasons.

⁴ Reflects the annualized distribution rate that is calculated by taking the most recent quarterly distribution approved by the Fund's Board of Directors and dividing it by prior quarter-end NAV and annualizing it. The Fund’s distribution may exceed its earnings. Therefore, a portion of the Fund’s distribution may be a return of the money you originally invested and represent a return of capital to you for tax purposes.

⁵ Represents the sum of the interest accrued in the statement period plus the interest paid in the statement period.

⁶ The internal rate of return ("IRR") represents an average net realized IRR with respect to all matured investments, excluding our Short Term Notes program, weighted by the investment size of each individual investment, made by private investment vehicles managed by YieldStreet Management, LLC from July 1, 2015 through and including July 18th, 2022, after deduction of management fees and all other expenses charged to investments.

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