Which are the parties to a process of mortgage loan securitization?

The parties to a process of mortgage loan securitization are: the Originators (entities that originate mortgage loans for borrowers); the Authorized Servicers (entities authorized to service the mortgage loan billing and collection); the Master Servicer (entity that watches over the collection by Authorized Servicers and calculates and makes payments to the Securities); the Issuer (institution that issues securities, namely Titularizadora Colombiana, who issues TIPS); and the Investors (individuals or legal entities that are underwriters or purchasers of the securities).