Mortgage Originators

Mortgage originators are people, or companies or institutions that organise a mortgage on behalf of a property buyer. This person or institution is usually a mortgage broker, a bank or a dedicated mortgage banker. The mortgage originator works with the buyer, otherwise known as the borrower, to secure the mortgage and guide the buyer through the process of concluding a mortgage deal. In simple terms, the mortgage originator acts on your behalf when you need to get a home loan.

In South Africa there are several kinds of mortgage originators and a number of different institutions that fulfill that role on behalf of the buyer, who acts as the client. In this country mortgages are more commonly known as bonds, so a mortgage originator is simply a person or institution that helps you to organise a bond so that you may buy a property. More often than not in South Africa, this will be your bank. Acting as a mortgage originator, your bank will make a loan to you in order that you may buy the property in question. The seller of the property is paid in full by the bank, and the bank grants you the loan in the form of a bond (or mortgage). You then pay the bank back in mutually agreed installments. This makes the bank the institution that is actually lending you the money - hence the term mortgage originator. In other words, the bank is the primary lender in this scenario.

Sometimes, and increasingly in South Africa, an intermediary will act as the mortgage originator. This role is one of a broker who sources the best value mortgage for you, and organises the whole process so that all you need to do is sign on the dotted line, as it were. This is similar to the traditional insurance industry model, where a broker will source an insurer for you, help you design your policy package and ensure that all the necessary paperwork is done, thus making the process simpler and less time consuming for you as a client.

One of the advantages in South Africa, and indeed across the world, of using a mortgage originator, is that this person or entity ideally does not favour any particular bank or financial institution - instead, the focus is on finding you the deal that works best for you.
 

South African Mortgage Originators

Bond Choice

Bond Choice prides itself on its high-level and trustworthy relationships with the major South African banks. They are one of South Africa`s premier mortgage originators.

SA Home Loans

SA Home Loans offers mortgages in the traditional sense, as opposed to bonds.

SecuBond

SecuBond offers it mortgage origination services to clients free of charge and has contacts in all of South Africa`s major banks

PropertyLoans

As a leading South African mortgage origination company, PropertyLoans offer clients services including New Home Loan Applications, Bond Switching, Bridging Financing and Further Bond.

GPF Mortgage

GPF Mortgage is a financial services company that is showing way in forward in South Africa in terms of obtaining low rate home loan finance for its clients