Origination

Origination is the end-to-end process of creating a new mortgage loan: application intake, document collection, credit and income verification, underwriting, appraisal coordination, closing preparation, and funding. The origination fee is what the lender charges to cover this work — typically 0.5% to 1.5% of the loan amount.

Origination quality varies widely by lender. A well-run origination process can close in 21-30 days for conventional loans; poorly run ones can drag to 60+ days and lose deals.

Why it matters for Milo customers

Milo's origination process is designed for crypto-aware underwriting — collateral verification, custody setup, and crypto reserves attestation are built into the same workflow as the traditional mortgage steps. Funding timelines remain competitive: crypto-backed mortgages typically close in 30-45 days; crypto-backed loans fund in as little as 24 hours.

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