Origination is the multi-step process that every individual customer must go through to obtain an account, mortgage, or loan with a financial institution.
This term is also used to refer to other types of amortized personal loans.
Origination is often a long, complex process overseen by the Federal Deposit Insurance Corporation (FDIC) for compliance with Title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act.
Origination
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