Sentences with phrase «automated loan review»

The new automated loan review system rolled out in May, which complements the loan defect taxonomy, «is supposed to ensure that lenders won't be severely penalized for small errors and address the uncertainty of enforcement actions,» Kevin Stevens, director of the FHA's Home Mortgage Insurance Division, said in a speech earlier this month at a National Council of State Housing Finance Agencies conference in Washington.

Not exact matches

Fundation's technology streamlines the loan application process by collecting third party data and automating the majority of the credit review process.

Through a fully automated, online platform, owners of small businesses can link their latest business data, allowing Kabbage to review the overall health of their business — not just a credit score — to approve and provide loans between $ 2,000 and $ 100,000 in minutes.

Mortgage underwriters often use automated underwriting systems when reviewing loans.

That means a lender has to pull your file out of its automated loan process and review it by hand, and lenders aren't always eager to do that.

Bank Teller — United AC Bank, Atlantic City, NJ — 2/2007 — 3/2012 • Received Employee of the Year for excellent customer service, noted by consistent name references in customer reviews • Educated customers on financial services, computer account access, and mobile apps for their convenience • Recommended relevant bank products and services when appropriate, setting a record in service referrals and exceeding the company's promotion profit goals by 10 percent • Processed automated teller transactions, night deposits, and loan and retirement plan payments on a day - to - day basis • Provided the head manager with daily cash supply orders to maintain sufficient funds for successful operations every day • Counted and sorted currency by hand and with counting equipment in order to ship to other branch locations