Loan origination is a crucial step in the mortgage lending process. It involves the creation and submission of a mortgage loan application to a lender for evaluation and possible approval. This process typically includes gathering all necessary financial documents, completing application forms, and providing details about the property being financed. The lender then reviews the application, assesses the borrower’s creditworthiness, and determines if the loan can be approved. Loanination is an essential part of the mortgage industry and plays a vital role in enabling to finance their homes or investment properties.
