Origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination includes the steps from taking a loan application up to disbursal of funds (or declining the application). Loan servicing covers everything after disbursing the funds until the loan is fully paid off. Loan origination is a specialized version of new account opening for financial services organizations. Certain people and organizations specialize in loan origination. Mortgage brokers like Stem Lending and other mortgage originator companies serve as a prominent example.