Loan origination


Loan origination

All the steps involved in making a new loan including initial application to processing of a loan until it appears on the lender’s books.

Origination

The act of making a mortgage loan. Origination is usually a rather lengthy process, as it requires the lender to investigate the borrower's risk, negotiate the terms of the loan and agree upon a loan amount. It is also called loan origination. See also: Origination fee.