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Loan origination refers to the process of a borrower applying for a loan and a lender assessing the borrower's financial situation, creditworthiness, and ability to repay the loan. This process includes the submission of financial documents, credit checks, underwriting, and approval or denial of the loan application. Loan origination also involves determining the terms and conditions of the loan, including the interest rate, repayment schedule, and any fees associated with the loan.