mortgagee

American  

[mawr-guh-jee] / ˌmɔr gəˈdʒi /

noun

1. a person to whom property is mortgaged.

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mortgagee British  

/ ˌmɔːɡɪˈdʒiː /

noun

1. the party to a mortgage who makes the loan

2. a person who holds mortgaged property as security for repayment of a loan

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Etymology

Origin of mortgagee

First recorded in 1575–85; mortgage + -ee

Compare meaning

How does mortgagee compare to similar and commonly confused words? Explore the most common comparisons:

• mortgagor vs. mortgagee

Example Sentences

SQM Research said property advertisements with phrases like "mortgagee in possession" or "bank forced sale" hit a record low of 5,500 in April, the month before rates began rising, from about 15,000 pre-pandemic.

From Reuters • Aug. 1, 2022

Those who manage their parents’ finances might see an annual occupancy letter from the loan servicer or a mortgagee clause on a homeowner’s insurance policy or premium notice.

From Washington Post • Dec. 2, 2015

The chain of title starts and stops with Mortgage Electronic Registration Systems, Inc. as the mortgagee.

From Washington Post • Dec. 2, 2010

In a typical home mortgage transaction, the borrower signs a promissory note and a mortgage instrument, and usually bank giving the loan would be named as the mortgagee and hold the note, at least initially.

From New York Times • Oct. 11, 2010

The mortgage usually states a time for paying the debt, and if the terms are not observed, the mortgagee may proceed to take the property.

From Putnam's Handy Law Book for the Layman by Bolles, Albert Sidney