Loan origination


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Related to Loan origination: Loan Origination Fee

Loan origination

All the steps involved in making a new loan including initial application to processing of a loan until it appears on the lender’s books.

Origination

The act of making a mortgage loan. Origination is usually a rather lengthy process, as it requires the lender to investigate the borrower's risk, negotiate the terms of the loan and agree upon a loan amount. It is also called loan origination. See also: Origination fee.
References in periodicals archive ?
Information Technology * Financial Aid * Enrollment Management * Imaging * Student Call Center * Loan Origination & Servicing
91, financial institutions recognized these loan origination costs, for book purposes, through current expensing.
Morrissey, President of Waterford Mortgage Corporation, commented, "First Chesapeake has many financial and technological resources which have allowed us to significantly increase our warehousing lines to expand loan origination activities as well as provide an excellent loan servicing platform for our mortgage loan customers.
Founded in 1985, Gallagher Financial Systems is one of the nation's largest residential loan origination systems providers.
The ultimate resolution of the treatment of loan origination costs could have collateral effects on other taxpayers.
As a result of the decrease in mortgage loan originations and the sales of servicing rights, the company expects its servicing portfolio at March 31, 1993, to be substantially equivalent to the level at Dec.
Calderon also served as technology analyst for First Bank of Puerto Rico, where he supervised and managed the bank's consumer loan origination system, and helped its lending groups establish strategies to optimize performance of that system.
91 significantly changed the financial accounting treatment of loan origination costs, many financial institutions continue to deduct these costs currently for tax purposes as ordinary and necessary business expenses under Sec.
It includes some of the critical components lenders need to begin using Desktop Underwriter: one or more laptop or desktop computers; access to MORNETPIus, Fannie Mae's private, secure, value-added network; Desktop Underwriter software; and Calyx Software's POINT for Windows loan origination software.
a Metavante Lending Solution, to streamline the loan origination process and provide Harley-Davidson dealers with electronic application and document generation for loans.
On hearing about a "landmark" decision, practitioners expecting a dramatic development might have been disappointed to learn instead of a decision involving loan origination costs.
They are able to use Merit's premier eligibility search engine and combine it with GFS' best in class Loan Origination System.