Loan Origination Fees
The cost to obtain a loan that is paid to the originating lender or broker.

Loan Package
The information regarding a borrower and property necessary which is the basis for a lender's credit decision to extend or deny credit.

Loan Ratio
The amount of a loan to the value or selling price of real property.

Loan Servicing
The function of collecting loan payments, managing the property tax and insurance escrows, foreclosing on defaulted loans and remitting payments to the investor/beneficiary.

Loan-to-Value Ratio
The ratio of the mortgage loan amount to the property's appraised value or selling price, whichever is less.

Lock In Period
The amount of time the lender has guaranteed an interest rate to a borrower.

Log file
All accesses to a web site can be logged by the web server. Data that is usually logged includes date and time, filename accessed, user's IP address, referring web page, user's browser software and version, and cookie data.

Loss mitigation
Activities designed to reduce either the likelihood of the corporation suffering financial losses on a loan or the final dollar value of those losses in the event of a borrower default.