7 Stages of the Loan Origination Process

Loan origination is a complicated issue, but something that every borrower should be aware of. The lending process can vary from lender to lender, therefore, it is important to take a holistic view of the whole process and there are many loan origination software solutions to manage this process.

Lending is a simple process and not hard to get through. However, there are certain things the borrower needs to submit in order to ensure everything can go smoothly.

The deepness of loan origination services can really surprise you, so it’s important that you choose a credible company. Plus, it is important to know about the 7 stages of the loan origination process.


The first step in the process is the pre-qualification. This allows a loan company to see if you’re qualified for certain loans. There are three different types of pre-qualifications: retail, wholesale, and mortgage. Retail loans include personal credit cards and other revolving accounts; wholesale loans include businesses with up to $2 million in annual revenue; mortgage loans are mortgages on any type of property and can have up to 15 years to pay off.

Loan Application

Next, the loan application goes to be processed. In previous years it was completed manually on paper but now its mostly processed electronically, meaning no more endless paperwork. Users fill out the application online using an app or website according to the specific loan products they need.


If you need to apply for a loan, we’ll take care of all the tedious paperwork. Our Loan Origination System automatically flags incomplete and inaccurate applications with errors. With our borrower portal, you can easily review your application before submitting it. We’ve got everything covered so that your loan process is as painless as possible

Affiliate Program

The underwriting process is a long and involved process. It starts after the completion of the application, and it’s ultimately up to the company as to what they rate you on. Every company has their own unique criteria to consider–it’s unique per business & industry–but it doesn’t end there. Scores will vary by length, age of credit cards, length of time in business, etc.


After applying for a loan, the underwriter will review your application to decide whether or not they want to approve it. They may approve the application and change some of your requirements, like lowering your loan amount and interest rates, if you’re approved. However, you can also change these things yourself and reapply if you’re denied.

Truly Unique Content

The only way to know you’re making the best loan decision is to make sure it fits all the requirements. If a loan doesn’t have quality control, it’s very possible for it to be rejected. That’s why QA is so important for lenders.

Loan Funding

Loans are a big sum of money, and they need to be invested with care. To ensure that all the right paperwork is in order and you’re totally happy with your loan, we handle the whole process. We will ensure that all your documents are executed properly before we fund any part of a loan. That way, you can feel completely secure your investment will go as planned.

In conclusion,

Now that this loan has been explained, you should have a better idea of how the origination process works. Pay particular attention to whether the lender offers the right security and lien release services for your needs. Compare different companies and their requirements so you can choose the best one for your situation.

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