Origination Channel is the source through which a mortgage loan is originated, such as retail (direct to consumers), wholesale (through mortgage brokers), or correspondent (lenders fund loans using their own funds).
The origination channel refers to the specific source or method by which a mortgage loan is originated or initiated. It determines how the loan is obtained and who is involved in the loan origination process. The three primary origination channels are:
Each origination channel has its own characteristics, advantages, and considerations. Borrowers can choose the channel that best suits their needs, preferences, and circumstances when seeking a mortgage loan.
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