originate

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originate

To make; all the steps necessary to attract a potential borrower,process a loan request, prepare all necessary paperwork,and place the loan on the books of the lender.

References in periodicals archive ?
As lending practices have increased in complexity, so has the need for highly effective and customizable credit decision management solutions," said Roger Ahern, vice president of Originations at Fair Isaac.
Stanganelli's experience spans more than 24 years in the mortgage industry, including sales and operations, managing national accounts, and origination growth.
E[acute accent]"Cervus Q3 results showed $181 million of originations and we anticipate in Q4 that the originations will be between $345 million and $375 million making our quarter over quarter growth rate for new originations greater than 90%," states Gary Bartholomew, CEO, "Overall our total assets under administration are expected to be in the $600 million range at the end of Q4.
Now, the customer has access to our consumer-facing loan origination point-of-sale system where they can pre-qualify, start the origination process and communicate through Dorado ChannelMaster with their Home Loan Advisor at the branch level.
The solution includes a Strategy Management Workstation which allows a business user to develop originations strategies by creating and maintaining lending products, rule sets, decision trees and tables.
Delivering ComplianceEase solutions as Web-based services is an ideal way to ensure that this increasingly important and ever-changing aspect of loan origination compliance can now be easily and continually expanded and updated.
The Bank has full service banking offices located at the Company's headquarters in Irvine, Rancho Santa Margarita, Riverside, and La Jolla and loan origination offices in Sacramento, Corte Madera (Marin County), Oakland, Burlingame, Woodland Hills, Encino, Los Angeles, Irvine, and La Jolla, CA, and plans to open a banking office in Malibu, California in June 2004, Beverly Hills, California in the summer of 2004, and Newport Coast, California in 2005.
In addition to growth in originations, 1st Metropolitan continues to increase its number offices and now has more than 250 locations nationally.
Walker shepherded the development of the WMCDirect loan origination Web site and a robust, sophisticated automated underwriting system, major advancements in electronic mortgage technology that paved the way for the company to become one of the earliest exclusively Internet-based lenders; it demonstrated the viability of online loan origination to the industry.
Fitch's rating focus as we move into 2004 will clearly incorporate monitoring of WM's progress in right-sizing its origination platform and in improving the efficiency of its servicing platform, as well as other operations within the firm, which the above-mentioned initiatives are intended to facilitate.
AAMG originates conforming and nonconforming prime mortgage loans through an expansive wholesale and retail origination network.
Chicaferro added, "Looking ahead to 2004, we anticipate our origination volume will continue to increase even though we expect total residential mortgage originations in the U.