Mortgage origination
In consumer lending, mortgage origination, a specialized subset of loan origination, is the process by which a lender works with a borrower to complete a mortgage transaction, resulting in a mortgage loan. A mortgage loan is a loan in which property or real estate is used as collateral. During this process, borrowers must submit various types of financial information and documentation to a mortgage lender, including tax returns, payment history, credit card information and bank balances. Mortgage lenders use this information to determine the type of loan and the interest rate for which the borrower is eligible. The  process in the United States has become complex due to the proliferation of loan products and consumer protection regulations. Mortgage origination process. The mortgage origination, a subset of loan origination, is a complex and evolved process that involves many steps, which varies from lender to lender. The basic steps include Key consumer protection regulations. The mortgage origination process in the United States is required to comply with the following regulations: Mortgage origination tools. Mortgage origination tools fall into three categories: