Loan Origination (Paperback)

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. 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 through disbursal of funds. Loan servicing generally 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, with mortgage brokers and other mortgage originator companies serving as a prominent example. A Loan Origination Fee Is Often required and this is one of the legal / approved fee required of borrowers mostly by UK lenders.