Final answer:
The statement is False - borrowers and mortgage originators do not negotiate terms and lend funds directly to borrowers.
Step-by-step explanation:
The statement is False - borrowers and mortgage originators do not negotiate terms and lend funds directly to borrowers. Instead, they typically interact through intermediaries such as banks or mortgage brokers.
Borrowers apply for a mortgage loan with a lender, who assesses their qualifications and determines the loan terms. If the borrower is approved, the lender provides the funds and becomes the mortgage originator. The borrower then receives the funds from the lender and begins repaying the loan according to the agreed-upon terms.