Who is referred to as the mortgagee?

The term "mortgagee" refers to the creditor or lender in a mortgage agreement. In this context, the mortgagee is the entity that provides the loan for the purchase of real estate and holds the mortgage lien on the property until the loan is paid off. Essentially, the mortgagee has a legal interest in the property because they loaned money to the borrower, who is known as the mortgagor.

In contrast, the other roles mentioned in the options do not fit the definition of a mortgagee. The borrower, mentioned in the first option, role is opposite to that of the mortgagee, as they are the ones receiving the loan. A real estate manager typically oversees properties but does not hold a lien or loan. Lastly, an insurance agent is involved in insurance products and services but does not have a stake in a mortgage agreement. Therefore, the correct identification of the mortgagee as the creditor aligns with the established understanding of terms used in real estate finance.