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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

Back-End Ratio

The back-end ratio, or debt-to-income ratio, measures the percentage of a borrower’s gross monthly income spent on total monthly debt obligations,. more

Airspace Rights

Airspace rights are the legal rights to control, use, or sell the space above a parcel of land, separate from the ownership of the land itself.. more

Absorption Rate Analysis

Absorption rate analysis is the evaluation of how quickly available properties in a given market are being sold or leased during a specific time period.. more

Vacancy Rate

The vacancy rate is the percentage of all available rental units in a property or market that are unoccupied at a given time.. more

Sustainability

Sustainability in real estate refers to designing, constructing, and operating properties in ways that minimize environmental impact, support social. more

Soft Costs

Soft costs are the indirect expenses incurred in a construction project that are not directly tied to physical building materials or labour.. more

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