Ignite FB Tracking PixelWhat is the mortgage origination process? - Sharon Bennett
Re/Max Boone Realty
Sharon Bennett, Re/Max Boone RealtyPhone: (573) 219-0171
Email: [email protected]

What is the mortgage origination process?

by Sharon Bennett 05/08/2023

What is a mortgage origination company featured image

Have you ever thought about the mortgage loan process? If you’re in the market for a home, you may be shopping for the perfect mortgage option. Understanding where the process originates can help you map out your homebuying timeline and identify the professional institutions you’ll work with to secure your loan. 

What is a mortgage origination company?

A mortgage origination company is a business working closely with underwriters to complete the first and finalizing steps for mortgage loans. They gather documents, personal information and signatures to make sure the process runs smoothly. 

What are mortgage loan origination activities?

Mortgage origination is the first company (originator) who starts the loan process. This can be but is not limited to mortgage brokers, retail banks and other mortgage lending institutions. They gather documents such as W-2s, personal ID’s and credit history to determine if applicants are qualified to receive a loan.  

How many people have mortgages in the US?

For most homeowners, financing through a mortgage loan was the best way to secure a property. Recent mortgage statistics have found over 64 percent of homeowners financed their home purchase through a mortgage loan. 

How much of the US debt is in mortgages? 

For many homeowners, mortgage debt constitutes the largest portion of money owed to any institution. Currently, around 70 percent of US debt stems from mortgages. 

Taking on a mortgage is a large responsibility, so it’s wise to do research on the mortgage industry to best understand mortgage rates and trends. Doing so can help you find the best deals to finance your home purchase.

About the Author

Sharon Bennett

The Sharon Bennett Group is ready to serve your real estate needs whether you're buying a home, selling a property, looking for land, or maybe you want to buy and sell investment properties.  Whatever your real estate needs are, we are here to assist!  We primarily service Columbia, Ashland, Hallsville, Hartsburg, Harrisburg, Centralia and the surrounding areas of Boone County including Jefferson City, Holt Summit and Boonville!

Buying/Selling a home is a huge step in your life.  With over 25 years of combined real estate experience, The Sharon Bennett Group will do their best to make the process smooth and stress free.  Your needs will always come first.  Your calls/emails/texts will always get a response.  We will guide you through every step of the process and make sure you keep your eyes on the prize.