a lender of record

USAGE SUMMARY

The phrase "a lender of record" is correct and is commonly used in written English.
It is typically used when referring to a legal document establishing someone's right to money. For example: "The bank was listed as a lender of record on the loan document".

✓ Grammatically correct

News & Media

Academia

Wiki

Human-verified similar examples from authoritative sources

Similar Expressions

60 human-written examples

You can also subtract another 25 basis points for both those bank loans and any loans that came from the federal government directly if you agree, once the loans are consolidated, to let the federal government (which will be the new lender of record) pull the payment automatically from your bank account each month.

The New York Times

Somewhere a lender is recording yet another foreclosure.

The New York Times

The figures come despite a flurry of record-breaking low mortgage rates and signs that lenders are becoming increasingly willing to grant mortgages.

The Guardian - Money

Public records show Mr. Curiel as a lender on more than 200 private loans in Northern California.

The New York Times

Standard Chartered, an emerging-markets lender, announced record profits for the quarter thanks to its wholesale division.

The Economist

In other words, Mr. Shupack said, by recording the mortgage, a lender legally establishes the priority of his or her lien.

The New York Times

Finally, the lender should record a document with your local recorder of deeds or other office in charge of property records indicating that the lender releases any lien interest they have in your home.

The Washington Post

"Especially when you know you're working with a lender you can trust, and with a record of transparency.

Forbes

It's hard enough dealing with insurance companies to then have to deal with a lender that may or may not have a record of your old mortgage.

The Washington Post

The second way is with the lender naming MERS as the mortgagee of record as nominee for itself (and its successors and assigns) in the original security instrument at the time the loan is closed.

HuffPost

a trustee on the behalf of such a lender.

Cornell University

Expert writing Tips

Best practice

When drafting legal or financial documents, ensure the phrase "a lender of record" is used to clearly identify the officially recognized lending party to avoid ambiguity.

Common error

Avoid using "a lender of record" interchangeably with 'loan servicer'. The lender of record holds the original loan, while the servicer manages payments and customer service.

Linguistic Context

The phrase "a lender of record" serves as a noun phrase that identifies the specific entity legally recognized as the lender in a financial transaction. Ludwig AI confirms its proper usage in formal contexts such as legal and financial documentation.

Expression frequency: Rare

Frequent in

News & Media

30%

Academia

25%

Wiki

15%

Less common in

Science

10%

Formal & Business

10%

Reference

10%

Ludwig's WRAP-UP

The phrase "a lender of record" is a legally significant term that specifies the officially recognized lending entity in a financial transaction. Although Ludwig AI confirms it is grammatically correct, its usage is relatively rare. It is most commonly found in news, academic, and wiki sources. To maintain clarity and prevent confusion, especially in formal documentation, it's crucial to use the term accurately and avoid interchanging it with general terms like "lender" or "loan servicer". When drafting related documents, remember that the "a lender of record" is the official legal entity, ensuring proper identification and accountability.

More alternative expressions

Phrases that express similar concepts, ordered by semantic similarity:

official creditor

This alternative emphasizes the formal and legal recognition of the lender.

designated lending institution

This option highlights the act of specifying or appointing a particular lending entity.

mortgage holder of record

This phrase specifies the type of loan and emphasizes the recorded legal status.

legal lender

This alternative focuses on the legality and compliance of the lending entity.

registered lender

This term highlights the lender's official registration and authorization.

primary lending source

This phrase emphasizes the lender as the main or original source of funds.

funding provider of record

This alternative uses broader terms emphasizing the provision of funds and its legal acknowledgment.

loan originator of record

This option focuses on the entity that initially created and documented the loan.

creditor of legal standing

This highlights the lender's established position and rights under the law.

the financing entity

This phrase is a more generic way to refer to the lending organization.

FAQs

How is "a lender of record" typically identified in legal documents?

The "a lender of record" is usually identified by their legal name and address as stated in the loan agreement or mortgage document. This ensures clarity and legal accountability.

What happens if the loan is sold; does the "a lender of record" change?

Yes, if the loan is sold, the new entity becomes the "a lender of record". This change should be formally documented through an assignment of mortgage or a similar legal instrument.

What's the difference between using "a lender of record" and simply "lender"?

While "lender" is a general term, "a lender of record" specifies the entity legally recognized as the lender in official documents. Using the specific term is crucial in legal contexts.

Where can I find the "a lender of record" for my mortgage?

The "a lender of record" is typically listed on your mortgage statement, the original loan documents, or in the county's public records where the property is located.