Origination


Origination
The making of mortgage loans. The New York Times Financial Glossary

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origination o‧rig‧i‧na‧tion [əˌrɪdʒˈneɪʆn] noun [uncountable]
1. FINANCE the process of arranging and supplying a loan, especially a mortgage (= loan for buying a house):

• the loan origination and funding functions of banks

• An origination fee is generally charged.

2. the work involved in making something from the beginning through to the finished product:

• How efficiently can our organization implement an idea from origination to commercialization?

• The group incurred heavy origination costs in developing its video catalogue.

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origination UK US /əˌrɪdʒɪˈneɪʃən/ noun [U]
BANKING, FINANCE the process of arranging a new loan or investment: origination fee/cost »

The credit union announced that it would no longer charge an origination fee for loans.

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Profits from the mortgage origination business will probably slow in the near term.

the process of starting or developing something, or causing it to happen: »

Our business is product design and origination.

the time or place at which something begins: »

Drop-down boxes made it simple to pick origination and destination cities for the flight.


Financial and business terms. 2012.