Application Process

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January 1, 1 6 min read Definitions

Loan Origination Borrower Lender Application Process Underwriting Creditworthiness Funding

Origination, specifically loan origination, refers to the process in which a borrower applies for a new loan and a lender processes that application. This includes various steps such as evaluating the borrower's creditworthiness, completing the application, underwriting, and funding the loan.