originations

Originations refers to the process of creating or establishing something new. In a financial context, it specifically denotes the act of originating loans, such as mortgages, auto loans, or personal loans. When a financial institution originates a loan, it means they are the entity that directly provides the funds to the borrower. This involves assessing the borrower's creditworthiness, determining loan terms and interest rates, and finalizing the lending agreement.

Beyond finance, the term "origination" can apply to the inception of any idea, project, or organization. It signifies the starting point and the initial development phase. For example, the origination of a scientific theory involves the initial research and formulation of hypotheses. Similarly, the origination of a company involves its founding, the establishment of its business model, and its initial operations. The core concept across all uses is the act of bringing something into existence or beginning its development.