Glossary entry
Loan origination system (LOS)
Software that manages the origination lifecycle: capture, assessment, decisioning, documents, settlement, and workflow.
Category
Lending technology
Definition
What an LOS does
- Captures applications across customer, broker, staff, and API channels
- Integrates to bureaus, IDV, Open Banking, valuations, and document services
- Executes credit policy and serviceability
- Routes work through stages, approvals, and exception handling
- Generates documents and triggers settlement handoffs
LOS vs servicing
Origination systems create loans; servicing systems manage repayments and ongoing lifecycle after funding.
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