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About: Loan origination     Goto   Sponge   NotDistinct   Permalink

An Entity of Type : dbo:Election, within Data Space : dbpedia.org associated with source document(s)

Type: yago:WikicatLoansyago:Abstraction100002137yago:Debt113397174yago:Liabilities113396054yago:Loan113398953yago:Possession100032613yago:Relation100031921Election New Facet based on Instances of this Class

Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process. Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers and other mortgage originator companies serve as a prominent example.