mortgage origination

Mortgage origination is the process of creating and approving a new mortgage loan. It begins when a borrower applies for the loan, providing financial details and the purpose of the property purchase. The lender then evaluates the borrower’s financial stability, creditworthiness, and the property’s value through credit checks, income verification, and appraisals. If approved, the lender offers a loan agreement outlining the terms. Once the borrower accepts and signs the agreement, the mortgage is funded, enabling the property purchase. Essentially, mortgage origination transforms a borrower’s homeownership goal into a formal, financed loan arrangement with a lender.