"Loan origination" refers to the process of a lender (such as a bank) creating and initiating a new loan for a borrower. It involves reviewing the borrower's application, verifying their information, and determining if they qualify for the loan.
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«loan»
«origination»
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Phrases with «loan origination»
Sentences with «loan origination»
- While borrowers with impeccable credit histories have their points waived, people with less - than - perfect credit are charged anywhere from 3 to 5 points in loan origination fees. (badcreditloanservices.com)
- A point is an additional charge by the lender at the time of loan origination as a placement or service fee. (richdad.com)
- Depending on your lender, that small savings could be eaten up in loan origination fees and other costs. (zenithfg.com)
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