The party holding the mortgage is referred to as what?

The party holding the mortgage is called the mortgagee. In a mortgage transaction, the mortgagee is the lender or financial institution that provides the loan to the borrower, who is known as the mortgagor. The mortgagee has a security interest in the property being financed, which serves as collateral for the loan. This means that if the borrower fails to repay the loan, the mortgagee has the right to foreclose on the property in order to recover the debt. Understanding this distinction is crucial for anyone involved in real estate transactions or property financing, as it clarifies the responsibilities and rights of each party in the mortgage agreement.