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There are currently 3 terms in this directory beginning with the letter O.
Origination Fee
The administrative fee charged by the lender to prepare loan documents, run credit checks, inspect and sometimes appraise a property, usually computed as a percentage of the face value of the loan.
Owner’s Policy
A policy of title insurance, which insures a named owner against loss by reason of defects, liens and encumbrances not excepted to in the policy or unmarketability of the title. The company also agrees to defend covered claims made against the title.
The right to possess and use property to the exclusion of others.