SHORT SALE LENDER

Short Sale Lender - This is ultimately the investor, but in terms of Short Sale for all intents and purposes the bank or servicer representing the investor or investors who are the holder of the note and mortgage are termed the Lender. 

Sometime people confuse lender with investor and servicer with lender.  Sometimes the bank holds their own notes, whether acquired originally or by purchase..

When dealing with short sales and lenders one must keep in mind that the bank you are calling is not always the lender. The bank you are calling or sending your mortgage payment to is just servicing the loan for the actual investor.