What's Mortgage Acquisition date?

[tdo061803]

how is it different from mortgage origination date. Thank!

[AnnetteB6 · Accepted solution]

The mortgage origination date is the date the mortgage originated with the original lender.  The mortgage acquisition date is the date that the reporting lender shown on the Form 1098 acquired the mortgage.  

The mortgage acquisition date would apply if the mortgage was sold to another lender who was not the original lender of the mortgage.  

@tdo061803

[gundlachd]

I would like some clarification on "original lender" as my home has been refinanced or bought out four times since 2014. Our original loan was with Quicken loans on 06/27/2014. We refinanced with PRMG 02/02/2015 who then sold that loan to Wells Fargo on 4/1/2015. We refinanced again with Loan Depot on 10/15/2020. Is the origination date the Wells Fargo date of 4/1/2015 or the Quicken Loans date of 06/27/2014?

[ToddL99]

The mortgage acquisition date is whatever date the reporting lender (who issued a given Form 1098) "acquired" (bought) the loan.

The mortgage origination date is the date the mortgage originated with the original lender (applies in cases of refinance)  

(From @AnnetteB6)

In your case:

First mortgage origination date - 06/27/2014 with Quicken Loans

Second mortgage origination date - 02/02/2015 with PRMG (a refinance is new mortgage)

Third mortgage origination date - 10/15/2020 with Loan Depot (a refinance is new mortgage)

First mortgage acquisition date - 04/01/2015 with Wells Fargo