The steps taken by an institution lender from the time a request for a loan application is received to the time the loan is approved or denied, including taking the application, credit investigation, evaluation of the loan and other steps.
The lenders opinion of your financial and credit past, combined with your income to calculate your ability to qualify for a loan.
The steps performed by the lender to determine whether to grant or deny a loan.
All the steps taken by a lending institution from the time a loan application is received to the time the loan is closed and placed on the books, including taking the application, conducting the credit investigation, evaluating the loan terms and other steps.
The steps taken by a lender to convert a loan application into an approved loan for the potential borrower. These steps include processing the application, conducting a credit investigation, evaluating the loan, etc.
The preparation by a lender of a loan file so that a loan can be closed and disbursed. This processing may include ordering appraisals, credit reports, title insurance, and gathering other documentation for the loan.
The work done by a lender from the time a homebuyer applies for a mortgage to the time the loan is approved.
Verifying financial information provided by a borrower to a lender, packaging the information on standardized forms, and submitting the package to an underwriter for formal loan approval.
The steps a lender takes to decide if a buyer can qualify for a loan.
(1) A System by which a Buyer is evaluated for loan approval. The system compares the stated income, debt, savings and credit against documentation provided by the buyer (or alternative Federal documents). Calculations of Debt-To-Income, Loan-To-Value, Net Worth, Cash Reserves and Compensating Factors are used to develop and Underwriting Opinion. (2) The system of structuring a Buyer's financial situation and documentation in such a way that an Underwriting Opinion can be reached.
Steps taken by British Mortgages Abroad from the time a loan application is received to the time the application is approved or declined. This process includes receiving the application, credit searches (investigation) and the overall underwriting assessment of the application.
(known in Britain as Underwriting) Steps taken from the time a loan application is received to the time the application is approved or declined. This process includes receiving the application, credit searches (investigation) and the overall underwriting assessment of the application.
The assembling of a mortgage loan application and related documents for consideration by a lender.
