Sentences with phrase «credited by the loan officer»

Not exact matches

Sun is currently the chief credit officer at Avant, and stood out early to Goldstein at Enova by developing an alternative risk - scoring system for the company's loans, Goldstein says.

It's too soon to know whether the pilot program introduced by Adams National Bank — loan officers» making «house calls» to prospective business borrowers and processing credit applications on laptops — will prove to be an enlightened solution to that chronic problem.

It doesn't matter if you are a fixed income investor considering purchasing bonds issued by a company, an equity investor considering buying stock in a firm, a landlord contemplating leasing a property to an enterprise, a bank officer making a recommendation on a potential loan, or a vendor thinking about extending credit to a new customer, knowing how to calculate it in a few seconds can give you a powerful insight into the health of company.

To date, the Federal Reserve has increased the Federal funds rate by 175 basis points in this tightening phase, and recent evidence from the Federal Reserve's survey of senior loan officers suggests that lenders are also becoming somewhat more cautious about extending credit to businesses.

For decades after credit scores emerged in the late 1950s, they were rarely seen by anyone but loan officers.

Institutions argue that a credit score is superior to the previous method of evaluation by a loan officer because the loan officer was given too much discretion, which gave rise to problems such as bias.

By getting in contact with a Central Coast Lending loan officer, prior to when you plan to purchase a home, we can help fix credit issues, establish a budget, and get you on the right path for a successful purchase transaction.

In a recent survey of mortgage originators by the National Association of Realtors (NAR), it was revealed that most loan officers believe the move to a lower down payment will increase access to mortgage credit.

Additional tools for Professional use by Mortgage Brokers, Loan Officers, Realtors and Credit Specialists.

Additional tools for Professional use by mortgage brokers, loan officers, realtors and credit sSpecialists

Rapid Rescore is a service offered by independent credit reporting firms directly to a lender, loan officer or mortgage broker.

They should understand that past financial records along with consumer reports and credit scores will be scrutinized by lenders and other loan officers.

Our guest is Jim Dunbar, the Managing Partner and Chief Commercial Officer for Affirm Financial Services, a company that provides consumer loans, term loans and unsecured credit cards to individuals who have been turned down by the banks.

If your adult child (age 18 or over) has racked up some credit card debt, and you want to help them repay the debt, you can issue them a «personal loan» by charging them interest and signing a contract, just like you would if you were a loan officer at a bank.

While true Loan Officers at banks, credit unions, and mortgage companies owned by banks and credit unions are NOT required to have a personal license, and many will tell you if you ask about their background how they are not required to have a license.

Sounds great, but Loan Officers at depository lenders (banks, credit unions, and lenders owned by banks or credit unions) DO NOT have to pass the same requirements of the S.A.F.E. Act.

Under current rules, Loan Officers at banks, credit unions, or mortgage companies owned by these entities are NOT REQUIRED to have a personal license.

Accessing your credit report fraudulently, for example, by posing as an employer, loan officer, or landlord.

The Credit Repairmen was established in 2011 by Owners Adam Hetrick and Logan Skidmore, former loan officers and mortgage bankers.

Loan Officers at banks, credit unions, or mortgage lenders owned by a bank or credit unions can be, but are NOT required to be licensed in any way.

While the majority of those with a secured line of credit took a cautious approach by reviewing all the loan documents with a loan officer (55 per cent) and one third (33 per cent) read all the fine print, only 12 per cent consulted with a lawyer before signing the agreement.

In fact, according to a recent study by the Federal Reserve, banks are now raising their credit standards for mortgages, consumer loans and commercial real estate loans at a pace never seen in the 17 - year history of the Fed's quarterly survey of senior bank loan officers.

Contact one of Westerra Credit Union's experienced Mortgage Loan Officers at 303-321-4209 or stop by any Westerra branch.

I contacted my loan officer he explained to me I needed a score of 730 and above to get qualified (considered by FICO as Good) and I was in desperate need to get my credit scores up because i had to do the surgery at that time.

The final rule implements requirements and restrictions imposed by the Dodd - Frank Act concerning loan officer compensation; qualifications of, and registration or licensing of loan originators; compliance procedures for depository institutions; mandatory arbitration; and the financing of single - premium credit insurance.

Becoming your kid's loan officer helps drive home the point that saving money and being patient is better than going into debt, and it will do it before they get tricked by a predatory credit card.

Loan officers are sought - after employees by banks, credit unions, and mortgage companies.

Loan officers are primarily employed by financial institutions such as credit unions, commercial banks or savings institutions.

Example resumes of Loan Officers feature such tasks as consulting customers about policies, procedures, and restrictions when they inquire about loans, and approving loans by performing credit checks and forwarding applications for manager approval.

First Heritage Financial, Fairbanks, AK 1999 — 2002 Mortgage Loan Officer • Answered telephone calls and provided initial information regarding the company's loan products • Assisted clients in filling out mortgage loan application and ensured that all supporting documentation is attached • Provided support to the mortgage originator handling research work such as credit checks and client background investigations • Drew up mortgage contracts based on information provided by the loan originator • Handled filing and documentation activities by ensuring complete data integrity and confidentiaLoan Officer • Answered telephone calls and provided initial information regarding the company's loan products • Assisted clients in filling out mortgage loan application and ensured that all supporting documentation is attached • Provided support to the mortgage originator handling research work such as credit checks and client background investigations • Drew up mortgage contracts based on information provided by the loan originator • Handled filing and documentation activities by ensuring complete data integrity and confidentialoan products • Assisted clients in filling out mortgage loan application and ensured that all supporting documentation is attached • Provided support to the mortgage originator handling research work such as credit checks and client background investigations • Drew up mortgage contracts based on information provided by the loan originator • Handled filing and documentation activities by ensuring complete data integrity and confidentialoan application and ensured that all supporting documentation is attached • Provided support to the mortgage originator handling research work such as credit checks and client background investigations • Drew up mortgage contracts based on information provided by the loan originator • Handled filing and documentation activities by ensuring complete data integrity and confidentialoan originator • Handled filing and documentation activities by ensuring complete data integrity and confidentiality

Assessed market conditions and determined direction for debt, and provided recommendation to Chief Credit Officer and Problem Loan Committee to grant forbearance when warranted by project, and foreclose when no options were available to reduce loss.

Promoted from Teller position to Member Service Representative April 2003 Established credit union memberships Opened savings, checking, individual retirement, and certificate of deposit accounts and explained options of each to member Prepared all paperwork and assisted members in signing of documentation Cross sold and created Visa check cards in branch Responded to members» questions and concerns via phone queue and online communucation center Opened safety deposit box accounts Performed daily maintenance of the loan applicant database Entered and submitted applications to the loan officers for review and status decision Educated members on the variety of loan products and payment protection options Maintained up - to - date knowledge of credit union products and policies Exceeded cross sell percentage goals with consultative, value - focused customer serviceapproach Exceeded marketing goals by cross selling various credit union products and services Provided back - up for other member service representatives and tellers when needed Maintained dormant account log Executed check orders Back - up for Managers with vault combinations Prepared and executed settlement documents for the following loan products: Home equities (fixed rate and HELOC's), ordered appraisals and flood certificates Auto loans Unsecured lines of credits VISA credit card lines.

Credit Report Fee — Charged by the credit reporting agency to provide your credit report to your loan officer and / or lCredit Report Fee — Charged by the credit reporting agency to provide your credit report to your loan officer and / or lcredit reporting agency to provide your credit report to your loan officer and / or lcredit report to your loan officer and / or lender.

«The vast majority of the CMBS loans collateralized by regional malls that we have reviewed have been high quality,» says report co-author Robb Paltz vice president and senior credit officer for Moody's.