 


Offer
 Indication by a potential buyer of a willingness to purchase a home at a specific price; generally put forth in writing.
 Origination
 The process of preparing, submitting, and evaluating a loan application; generally includes a credit check, verification of employment, and a property appraisal.
 Origination fee
 The charge for originating a loan; is usually calculated in the form of points and paid at closing.
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