Question

Q)Which of the following is a function of Origination? Select all the correct answers.​​​​
​​​​>Sources deals
​​​​>Underwrite Debt and Equity
​​​​>Works closely with IBD
>Acts as the intermediary​​​​

Answer 1

Answer:

Underwrite Debt and Equity,Works closely with IBD and Acts as the intermediary.

Answer 2

Answer:

Underwrite Debt and Equity is the correct answer.

Explanation:

The process of a borrower applying for a loan or mortgage and a lender processing that application is referred to as origination. The lender reviews the application and the supporting financial documentation before accepting or refusing it.

• Pre-qualification, loan application, document submission and screening, negotiation, underwriting, and loan approval are some of the processes that it goes through.

• The borrower must pay the lender an origination fee, also referred to as a predetermined percentage of the loan or mortgage amount, in order to process the transaction.

• To determine the borrower's eligibility and capacity to repay the loan, an underwriter verifies their income, financial statements, obligations, and credit history.

A mortgage is a sort of loan that is frequently utilized to finance real estate. There are five steps in the mortgage origination process:

• Initial consideration
• Application
• Processing
• Underwriting
• Closing

              When a borrower submits a mortgage application, the loan originator sends the application and any supplementary paperwork to an underwriter. The mortgage loan originator may collaborate with the lender or work on their own. Before approval, the underwriter examines the loan situation and the supporting documentation to:

• The ability of Borrower to Repay Loan and Down Payment

• value of the subject property

• both the source and the down payment amount

                 In addition, the borrower's income, savings, credit history, debt, and mortgage requirements are very important factors in the loan approval process.

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