Ans. Loan origination is the process through which a prospective borrower applies for a personal mortgage and a lender then processes this application. Briefly put, "Origination" usually refers to all the fundamental actions that take place between the receipt of a mortgage application and the release or rejection of money. There is a specific loan origination process for mortgage loans. Mortgage service comprises all activities up to and through the approval of the loan. For financial institutions, opening a new account is a subset of loan origination. Good instances of mortgage origination include mortgage lenders and other mortgage service providers.