Sentences with phrase «determine loan worthiness»

Merchant business lending is not centered on collateral or personal assets, and instead focuses on other factors of your business to determine loan worthiness.

Not exact matches

Instead, senior loan officers have authority over whether to make loans, and the company uses proprietary algorithms that look at applicants» credit history to determine their credit worthiness, SoFi said.

Rather than relying on personal assets such as a car, boat or home to secure the loan, unsecured lenders look exclusively at a borrower's credit worthiness to determine eligibility, making those with high credit scores and a long, solid credit history the best candidates for an unsecured business line of credit.

Fueled by web - based tools that speed up the application process, a new paradigm for evaluating credit worthiness, and the ability to leverage technology to help them determine eligibility (often in under an hour), these lenders may approve business loans that might be overlooked by traditional banks, and can typically do it in much less time than their traditional counterparts.

These numbers go on to determine a company's credit worthiness — that is, its ability to pay back loans.

• Credit Report Fee - A fee to pay a detailed report of an individual's credit history which lender will need to determine loan applicants» credit worthiness.

It is one of the criteria used in assessing your credit worthiness and this will determine the interest rate lenders will ask you to pay on the loan.

These numbers go on to determine a company's credit worthiness — that is, its ability to pay back loans.

Lenders use credit scores to determine the credit worthiness of loan and credit card applicants.

Credit bureaus collect information and create credit reports based on that information, and lenders use the reports along with other details to determine loan applicants» credit worthiness.

1APR = Annual Percentage Rate 2Rate determined by factors such as type of loan, collateral, term, amount of loan, credit worthiness and applicant's relationship with First IB.

An auto loan credit score is the number that potential lenders would look at to help determine your credit worthiness, the higher the better in this case.

Rather than look at your credit history — which may be short depending on your age, or nebulous depending on such things as identity theft — UpStart calculates credit worthiness based on your career (for example, a lawyer is deemed more credit worthy than, say, an actor), your educational status, your job status (obviously, if you're employed, you're more credit worthy than someone who isn't) and standardized test scores to determine if you're worthy of a loan from them.

Since a credit score is one of the determining factors in judging a persons credit worthiness, any black marks can hinder your ability to get a personal loan.

Credit Report A report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's credit worthiness.

The credit score is how banks and loan institutions determine your credit - worthiness and how much they need to charge you for interest on your loan.

These credit reports are used by banks, card companies and other lenders to assess the quality of a person's credit worthiness and help determine whether to grant them a loan.

What the loan is used for and the credit worthiness of the borrower all come into play when determining repayment terms for a home equity line of credit.

Mortgage companies are tasked with determining the credit worthiness of a borrower and the borrower's ability to repay a loan.

A cosigner's credit worthiness can not only determine whether a student can get a private student loan, but, in many cases, can also help the borrower obtain a better rate.

They are entrusted with the job of determining the loan applicant's credit worthiness as well as suggesting the best financial options, interest rates, monthly payments and loan terms.

Extensive underwriting experience of Conventional Loans Government Loans Jumbo Loans Experience in DE / LP underwriting also in manual underwriting Knowledge of systems Calyx and Encompass * Knowledge of calculation tax returns W - 2 paystubs P&L * Review and analyzing borrowers financial documents such as: financial statements bank statements sales contracts settlement sheets credit reports to determine credit worthiness and c...

Financial Manager — Duties & Responsibilities Oversee multiple automotive corporate client portfolios, conduct risk analysis, and perform audits Direct corporate loan process and ensure that client collateral is sufficient in cases of default Investigate client credit rating and determine worthiness of consumer credit applications Recruit, train, and manage team of auditors and financial advisors ensuring professional operations Responsible for department budgets, project timelines, and team workflow Perform reviews to determine appropriate employee compensation, recognition, and disciplinary action Serve as a liaison between bank and clients, partners, outside vendors, and community leaders Present reports regarding audit findings, market trends, and client financial health to senior leadership Develop a rapport with customers and orient them to various products and services Encourage high customer retention by maintaining friendly, supportive contact with existing clients Study industry literature to become an expert on products and services Direct sales operations for 35 + car and recreational vehicle dealerships throughout New England Craft effective sales presentations and proposals, tailoring them to clients based on their specific needs and styles Maintain comprehensive records detailing pricings, sales, activities reports, and other pertinent data Represent company brand with positivity, professionalism, and dedication Consistently recognized and promoted for excellence in management, service, and performance

Credit Report A report of an individual's credit history prepared by a credit bureau and used by a lender in determining a loan applicant's credit worthiness.

Underwriting The process of evaluating a loan application to determine credit worthiness and risk involved for the lender.