Here are seven phases personally i think will be the critical aspects of loan origination procedure.

Here are seven phases personally i think will be the critical aspects of loan origination procedure.

Even as we develop our company and technology consulting practice, we travel in both the usa and Canada, ending up in many different loan providers in numerous companies. Over time, I’ve pointed out that nearly every lender we talk with features an interpretation that is different of concept of the word Loan Origination — where it starts, the different phases in the procedure and where it finishes. In considering all viewpoints you should have a holistic view regarding the originations life-cycle.

Aside from the mortgage kind (in other words. Loan, personal credit line, rent) or whether your approval procedure is handbook or automated, loan providers have actually and generally are pleased with their sauce that is“secret it comes down to loan origination.

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