Office of Comptroller Currency

A federal government regulatory agency that oversees some commercial banks.

Office of Thrift Supervision

The regulatory and supervisory agency for federally chartered savings institutions. Formally known as Federal Home Loan Bank Board.

Open End Mortgage

A mortgage permitting the mortgagor to borrow additional money under the same mortgage, with certain conditions.

Origination Fee

A fee or charge for work involved in the evaluation, preparation and submission of a proposed mortgage loan.

Owner of record

The individual(s) named on a deed that has been recorded at the local municipality.

Owners Policy

Title insurance for the owner of property, rather than a lienholder.