What is the mortgage origination process?

by Cari Torres 02/08/2023

What is a mortgage origination company featured image

Have you ever thought about the mortgage loan process? If you’re in the market for a home, you may be shopping for the perfect mortgage option. Understanding where the process originates can help you map out your homebuying timeline and identify the professional institutions you’ll work with to secure your loan. 

What is a mortgage origination company?

A mortgage origination company is a business working closely with underwriters to complete the first and finalizing steps for mortgage loans. They gather documents, personal information and signatures to make sure the process runs smoothly. 

What are mortgage loan origination activities?

Mortgage origination is the first company (originator) who starts the loan process. This can be but is not limited to mortgage brokers, retail banks and other mortgage lending institutions. They gather documents such as W-2s, personal ID’s and credit history to determine if applicants are qualified to receive a loan.  

How many people have mortgages in the US?

For most homeowners, financing through a mortgage loan was the best way to secure a property. Recent mortgage statistics have found over 64 percent of homeowners financed their home purchase through a mortgage loan. 

How much of the US debt is in mortgages? 

For many homeowners, mortgage debt constitutes the largest portion of money owed to any institution. Currently, around 70 percent of US debt stems from mortgages. 

Taking on a mortgage is a large responsibility, so it’s wise to do research on the mortgage industry to best understand mortgage rates and trends. Doing so can help you find the best deals to finance your home purchase.

About the Author

Cari Torres

I've been working in real estate since 2004. With over 13 years experience in financial and insurance services it goes well with educating and guiding my clients to make the best real estate decisions possible. My goal is 100% customer satisfaction! I'm committed to do whatever it takes to make my clients be stress free and feel they are achieving and exceeding their goals with regard to buying, selling, or investing in real estate. My business depends on client referrals, so I make sure that my clients are #1. I'm very dedicated to what I do. It's my passion. I'm more than happy to help anyone with their real estate needs. I love what I do, so if there is anything I can do to help you please feel free to call me.