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Mortgagee
A bank or other financial institution that lends money to the borrower. The borrower is considered the mortgagor.
Mortgagee
The party lending the money and receiving the mortgage. Some states treat the mortgagee as the "legal" owner, entitled to rents from the property. Other states treat the mortgagee as a secured creditor, the mortgagor being the owner. The latter is the more modern and accepted view.
Mortgagee
A company or institution such as a bank or building society which makes loans secured by property and the land on which it is built.
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