What is the loan origination process?

Loan origination is a process by which a borrower applies for a loan, and a lender disburses it or rejects the
application. The origination process includes every step from application to funding disbursement, or rejection of
the application. Depending on the type of loan, the origination process differs in the workflow, however they
broadly cover these steps in some sequence or the other as defined by the lender’s business policy.

  • Application
  • Pre-Qualification
  • Application Processing
  • Underwriting
  • Credit Decisioning
  • Funding

Top Loan Origination Software helps in digitizing the entire process providing speedier decision making capabilities
with flexible workflow managers helping faster time to market for new products.

  • June 15, 2021