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Conduit
The financial intermediary that sponsors the conduit between the lender(s) originating loans and the ultimate investor. The conduit makes or purchases loans from third party correspondents under standardised terms, underwriting and documents and then, when sufficient volume has been obtained, pools the loans for sale to investors in the CMBS market.
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- Part of Speech: noun
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- Industry/Domain: Real estate
- Category: General
- Company: Coldwell Banker
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