What term is used for an individual representing a firm that makes loans on real property?

The term "Lender" is appropriately used to refer to an individual or entity that provides loans secured by real property. In the context of real estate transactions, lenders are crucial players, as they fund the purchase of property by offering loans to borrowers. This role is essential because it represents the financial institution or individual that assesses the borrower's creditworthiness, sets the terms of the loan, and holds a security interest in the property until the loan is repaid.

Lenders often work under specific regulations and guidelines that govern the lending process and may represent banks, credit unions, or other financial entities. By understanding the role of a lender, real estate professionals can better navigate the financial aspects of property transactions.

The other terms refer to different roles: Agents are typically representatives in real estate transactions acting on behalf of buyers or sellers; Borrowers are the individuals or entities that seek to access funds for purchasing property; and Brokers can refer to licensed real estate professionals who facilitate transactions, but they do not inherently denote the lending function.