20:59
got a random stanford email and almost had a heart attack
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LSDefine
Simple English definitions for legal terms
money scrivener
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A quick definition of money scrivener:
A money scrivener is someone who helps people get money for things like mortgages or loans. They are like a middleman between the person who needs the money and the person or company who can provide it.
A more thorough explanation:
A money scrivener is a type of money broker who helps people obtain money for mortgages or other loans. They act as intermediaries between borrowers and lenders, helping to facilitate the lending process.
- A person who wants to buy a house but doesn't have enough money for a down payment might turn to a money scrivener to help them secure a mortgage.
- A small business owner who needs a loan to expand their operations might work with a money scrivener to find a lender who is willing to provide the necessary funds.
These examples illustrate how a money scrivener can help individuals and businesses obtain the financing they need to achieve their goals. By working with a money scrivener, borrowers can access a wider range of lending options and potentially secure better terms and rates than they would be able to on their own.