[uh-rij-uh-neyt] 
verb, -nat⋅ed, -nat⋅ing.| 1. | to take its origin or rise; begin; start; arise: The practice originated during the Middle Ages. |
| 2. | (of a train, bus, or other public conveyance) to begin a scheduled run at a specified place: This train originates at Philadelphia. |
| 3. | to give origin or rise to; initiate; invent: to originate a better method. |
| o·rig·i·nate (ə-rĭj'ə-nāt') v. o·rig·i·nat·ed, o·rig·i·nat·ing, o·rig·i·nates v. tr. To bring into being; create: originated the practice of monthly reports. v. intr. To come into being; start. See Synonyms at stem1. o·rig'i·na'tion n., o·rig'i·na'tive adj., o·rig'i·na'tive·ly adv., o·rig'i·na'tor n. |
Origination
The process through which a mortgage lender creates a mortgage secured by some amount of the mortgagor's real property.
Investopedia Commentary
Also known as loan origination, everyone must go through the origination process when securing a mortgage for a piece of real property. It is through this process that the terms of the mortgage agreement (amount of loan, interest rate, compounding frequency, etc) are established and the involved parties legally bind themselves to the transaction.
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See also: Fixed Interest Rate, Mortgage, Mortgage Banker, Mortgage Broker, Mortgage-Backed Security, Real Estate
originate o·rig·i·nate (ə-rĭj'ə-nāt')
v. o·rig·i·nat·ed, o·rig·i·nat·ing, o·rig·i·nates
To bring into being; create.
To come into being; start.
əˌneɪt
