Takeout Mortgage -
A permanent mortgage, obtained by pre-arrangement between a builder and a financial institution, to repay the interim mortgagee at the completion of construction.

Tax Lien -
A claim against real estate for the amount of its unpaid taxes.

Third-Party Origination -
A process by which a lender uses another party to completely or partially originate, process, underwrite, close, fund, or package the mortgages it plans to deliver to the secondary mortgage market.

Title -
A legal document showing a person's right to or ownership of a property.