Loan Origination
The overall process of a lender creating a new loan, from application through underwriting, approval, and final funding.
Origination covers the full lifecycle of setting up a new loan, and the origination fee charged by many lenders is meant to cover the cost of this process, including underwriting, document review, and administrative setup.
Understanding where a deal is in the origination process, application, underwriting, conditional approval, or final funding, helps set realistic expectations for how much longer until money actually arrives.
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