Glossary

What is Loan origination?

Product

Loan origination is the end-to-end process from a credit application being submitted to it being approved and disbursed: data capture, identity verification, data-source calls, scoring, policy execution and the final decision. Automating it cuts response times from days to seconds.

Typical stages

Onboarding and identity verification.
Credit bureau and data-source calls.
Scoring and rules execution.
Decision and limit/terms assignment.

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Related terms

BNPL (Buy Now, Pay Later)

BNPL (Buy Now, Pay Later) is short-term instalment financing decided at the point of checkout. Its challenge is approving credit in milliseconds with minimal friction, which requires a fast decision engine, alternative data sources and policies that can be tuned per merchant.

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