Mortgage origination is a fundamental part of the home-buying process, encompassing stages from application to approval and funding, and involves evaluating the borrower's creditworthiness and the property's suitability as collateral. The process includes steps like pre-approval, application, underwriting, and closing, along with various requirements such as credit verification, employment history review, and property evaluation. Lenders charge an origination fee, typically a percentage of the loan amount, for processing the loan. To streamline this process, technologies like Optical Character Recognition (OCR) and platforms such as Nanonets can automate data entry and document management, reducing time and errors associated with manual handling. By automating mortgage processing and underwriting, lenders can achieve faster loan approvals, lower processing costs, and enhanced compliance, ultimately improving the business and customer experience.