Loan Origination Process definition
Loan Origination Process means any and all steps You take from the time You identify, communicate with, and/or are approached by a prospective borrower seeking a Loan (including, without limitation, when such contact is made directly by the prospective borrower and/or when it is made by and on behalf of the prospective borrower through a loan broker or correspondent lender) to the time funds are advanced in connection with a Loan, including but not limited to the processing of applications, underwriting, rate setting and supervising Loan closings.