WIZARD LENASIA
		WHAT IS MORTGAGE ORIGINATION? Mortgage origination is a well established concept internationally. Its application may differ slightly from country to country depending on the nature of the residential mortgage industry. In South Africa, where the residential mortgage market is dominated by four major institutions, the concept has a unique flavour. The industry has been established for some five years now and could equally have been termed mortgage broking. Put simplistically mortgage origination looks to attract clients requiring finance for a residential fixed property and then placing that business with one of the major financial institutions. Those institutions would pay an introductory commission in respect of each successful transaction.