This Loan Origination Overview thumb describes how a borrower applies for a new loan and how a lender processes that application. The term "origination" refers to the steps between the receipt of a loan application and the disbursement of funds. This Loan Origination Overview thumb also depicts the various stages of the loan origination process. The Loan origination process includes all steps from application to funding disbursement or application rejection. The loan origination system is, in essence, the system that automates and manages the loan application and disbursement processes. The origination process varies depending on the type of loan. The process for mortgage loans, for example, differs from that for personal loans.
