What is the primary role of a mortgagee in a mortgage agreement?

The primary role of a mortgagee in a mortgage agreement is indeed the lender. In the context of real estate financing, the mortgagee refers to the entity or individual that provides the financing for the purchase of a property. This can be a bank, credit union, or private lender, and their role is to loan money to the borrower (mortgagor) with the expectation of repayment over time, often secured by the property itself. If the borrower fails to make payments, the mortgagee has the legal right to take possession of the property through foreclosure.

Other options, such as the property owner, real estate agent, or title company, play different roles in real estate transactions. The property owner (mortgagor) is the one borrowing the money to purchase a property, while the real estate agent facilitates the sale of the property. The title company typically handles the closing of the real estate transaction and ensures that the title is clear of liens or disputes. Each of these roles is distinct and integral to the real estate process, but they do not hold the financial position that designates them as the mortgagee.