What is the term for a lender relying on another party to assist with mortgage origination and processing?

The concept referred to in this question is known as Third Party Origination (TPO). In the mortgage industry, this term describes a situation where a lender collaborates with another entity (such as a mortgage broker or a third-party company) to help facilitate the origination and processing of loans. This collaboration allows lenders to expand their reach, tap into different markets, and leverage the expertise of experienced professionals who specialize in loan origination.

TPO arrangements can benefit lenders by reducing costs associated with direct loan origination and processing while also streamlining the overall process. This practice is common in the mortgage sector because it enables lenders to focus on other aspects of their operations while still meeting customer demands for mortgage products.

Other terms listed in the choices, such as mortgage subservicing, loan processing, and credit analysis, refer to different functions within the lending and mortgage process. Mortgage subservicing typically involves the management of loans after they have been originated, loan processing pertains to the steps taken to evaluate and move a loan application from submission to approval, and credit analysis focuses on assessing the creditworthiness of a borrower. Each of these plays a distinct role in the mortgage process but does not specifically describe the reliance on another party for origination and processing like Third Party