This workflow template illustrates the involvement of four functional groups (Sales, Underwriting, Client Liaison and Closing Desk) in the origination of a loan. Purchase and download this template in PDF, Visio (VSD), PowerPoint (PPT) formats. You can customize it to fit your own organization, or simply use it to better understand the Loan Origination process.
What is Loan Origination?
The Loan Origination process involves four functional groups (Sales, Underwriting, Client Liaison and Closing Desk) in the origination of a loan. Sales transmits a new loan application to Underwriting, which either accepts or rejects the application. Second review and cross-selling may take place soon afterwards. The Liaison then contacts the client, explains a decision and asks for documents. If the application survives, the Liaison coordinates with Underwriting to finalize the loan, and Sales notifies the client before beginning the onboarding procedures. Finally, Closing enters the new account into the institution's computer system.
Download a Sample Loan Origination
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