Loan origination is the process that occurs when a potential borrower applies for a loan from a lender and then the
application undergoes several steps including capturing the loan application by the borrower, the submission of
appropriate documentation, the lender’s assessment of the application and credit risk and the final funding of the
loan.
A Loan Origination Software digitises the loan origination process for financial institutions and other lenders, from
loan application, documentation, underwriting, credit decisioning, risk analysis and loan funding. The areas where
a modern Loan Origination Software are: