Earn $25 CASH per qualified ChartSnap Founder referralUnlimited referralsNo purchase required—Join the Affiliate Program →

Mortgage Glossary

Mortgagee

Mike Starr·Reviewed August 2026

The mortgagee is the lender in a mortgage transaction — the bank, credit union, or mortgage company that provides the loan funds and receives a security interest in the property as collateral. If the borrower (mortgagor) fails to repay the loan, the mortgagee has the legal right to foreclose on the property and recover the outstanding balance.