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Loan Origination

Learn what loan origination is in Canadian mortgage lending, what steps are involved, and how borrowers complete the approval and funding process.

Loan Origination

May 30, 2025


What is Loan Origination?

Loan origination is the full process of creating, reviewing, and approving a new mortgage or loan, from initial application to final funding.

Why Does Loan Origination Matter in Real Estate?

In Canadian real estate, loan origination involves multiple steps and stakeholders, including the borrower, broker, lender, and underwriter.



Steps in loan origination include:



Origination may involve fees, especially in private or complex lending scenarios. These fees should be disclosed up front in writing.



Understanding loan origination helps borrowers navigate the mortgage process and prepare documentation efficiently to avoid delays.

Example of Loan Origination in Action

The borrower completes the loan origination process, including credit review and appraisal, and receives funding two days before closing.

Key Takeaways

  • Covers full mortgage processing from start to finish.
  • Includes documentation, underwriting, and funding.
  • May involve fees and third-party services.
  • Critical to securing home financing.
  • Must comply with regulatory timelines.

Related Terms

  • Mortgage Application
  • Underwriting
  • Lender Disclosure
  • Broker Disclosure
  • Origination Fee

Additional Terms

Sales-To-New-Listings Ratio (SNLR)

The Sales-To-New-Listings Ratio (SNLR) is a real estate metric that compares the number of homes sold to the number of new listings in a given period.. more

Market Type

Market type refers to the classification of a real estate market based on supply, demand, and pricing trends, typically categorized as buyer’s,. more

Outparcels

Outparcels are stand-alone commercial properties located near or on the outer edge of a larger retail or shopping centre complex.. more

Halo Effect

The halo effect in real estate refers to the positive influence that a popular or high-end development has on the surrounding property values and. more

Sump Pump

A sump pump is a mechanical device installed in the lowest part of a basement or crawl space to remove accumulated water and prevent flooding.. more

Structural Integrity

Structural integrity refers to a building’s ability to withstand its intended loads without failure, deformation, or collapse during its lifecycle.. more

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TRENDING: Ontario Real Estate And Development Industry Hires And Promotions
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