Loan Production Office (LPO): A specialized branch of a financial institution focused on originating, processing, and closing home loan products. LPOs typically work with mortgage brokers to originate loans that are then sold into the secondary mortgage market. The ultimate goal of an LPO is to maximize loan production while ensuring quality control parameters are met. With their expertise in local markets, LPOs can be a valuable resource for anyone looking to purchase or refinance a home.