What is the final stage of the origination process?

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Multiple Choice

What is the final stage of the origination process?

Explanation:
Origination ends when the lender actually disburses the funds—funding. Once funds are delivered to the borrower or vendor, the financing is complete and the loan moves into servicing, where ongoing payments and account management are handled. Underwriting happens earlier to assess risk, documentation is completed before funding to lock in terms, and customer service comes after funding to support the borrower during the life of the loan. The important distinction is that funding closes the origination and activates the loan, while the other steps occur prior or after.

Origination ends when the lender actually disburses the funds—funding. Once funds are delivered to the borrower or vendor, the financing is complete and the loan moves into servicing, where ongoing payments and account management are handled.

Underwriting happens earlier to assess risk, documentation is completed before funding to lock in terms, and customer service comes after funding to support the borrower during the life of the loan. The important distinction is that funding closes the origination and activates the loan, while the other steps occur prior or after.

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