Sentences with phrase «is the loan process»

How Long is the Loan Process?

The biggest challenge you will face when buying or refinance a home today is the loan process.

Not exact matches

Thus, banks are increasingly investing in technology that allows the processing of digital loan applications.

J.P. Morgan (jpm) and many of its competitors have invested millions of dollars in the technology in hopes that it can be adapted to simplify and lower the costs of processes such as securities settlement, loan trading and international money transfers.

Another factor that's not helping the lending environment for small business owners is that transactions costs to process these types of loans are comparable to larger commercial loans, but without the payoff.

Credit evaluation and approval is the process a business or an individual must go through to become eligible for a loan or to pay for goods and services over an extended period.

The process of granting loans to businesses is regulated by the Federal Trade Commission (FTC) to ensure fairness and guarantee nondiscrimination and disclosure of all aspects of the process.

The loan process at a bank or credit union typically requires lots of documentation and is usually a slow process.

ANALYSIS: If a full - blown mortgage crisis were to hit Australia, it will have been brought about by mismanagement at all stages of the home - loan process.

Stellar customer service to guide you through the loan process is also a big plus.

Even though there are more lending options for small businesses than ever before, a crucial step is missing in the process; and no one is paying attention, leaving business owners increasingly frustrated over their rejections for credit lines and loans.

Borrowers with loans from the U.S. Department of Veterans Affairs, the Federal Housing Administration or the Rural Housing Service will feel the most direct impact because furloughed workers are involved in processing those loans.

The retailer is now offering digital marketing, payment processing and loans to the 600,000 business members who shop its stores and website each week.

However, many other services would be halted, including processing for new small - business loans in the U.S. Small Business Administration's loan portfolio.

There are still regulations, of course, but all - in - all, the process is much less complicated than setting up a bank, credit union, or traditional loan company to cater to people's financial needs.

For those struggling with student debt, the Department of Education is looking at changing the process for discharging loans in bankruptcy.

The process can determine the interest a consumer is going to pay for credit cards, car loans and mortgages — or whether they will get a loan at all.

Three significant trends facing the industry are the speed and efficiency in which loans are processed, the sharing economy's impact and an incoming demographic with differing desires from previous generations.

As mortgage lenders are trying to close loans faster than ever before, title and escrow organizations are leveraging significant automation to expedite the process.

Today, the IDB process is less painful, and loans are now available for established entrepreneurs looking to borrow between $ 500,000 and $ 1.5 million to expand their facilities and operations.

It was actually faster to take out a home - equity loan from her community bank, which she used to purchase an adjacent building to expand her business, than it was to go through the extended process of getting a commercial loan.

The trade - off is that you may be sacrificing tax breaks like the student loan interest deduction or the American Opportunity Credit, in the process.

When many people are still paying back student loans well into their 40s and 50s, you have to wonder whether there are any ways to speed up the process and make it just a little easier.

Asset - based lending is more comparable to the traditional loan process, where a lender will evaluate accounts receivable, inventory values, and fixed assets to determine creditworthiness, and issue a line of credit.

That's according to the results of a small - business trends study released today by OnDeck Capital, a New York - based small - business lending company that uses software to streamline the loan application process.

Instead, it's apparently a matter of sloppy record - keeping — coupled with the fact that when students take out private loans, they're often sold and bundled together, and then «sold to investors through a process known as securitization.»

«But they are still locked into the traditional [mind - set] that it takes so much paperwork and administrative cost to process a loan that you need to have it big enough to make it worth the effort.»

Debt: Getting a bank loan is a straightforward process, although it can require time to gather documents and prepare the loan application.

This year, Oman's bonus was apparently due in part to his «efforts to assist homeowners in modifying mortgage loans and prevent foreclosures, and implementing new servicing processes to comply with new regulations and regulatory orders,» according to the proxy.

If you are a small business owner who has been planning to expand your enterprise, now is the time to begin the loan application process.

When you're seeking a loan, do you prefer «handshake» lending to an automated loan process?

Still, according to Loretta Mester, director of research at the Federal Reserve Bank of Philadelphia, the use of credit scores in lending decisions is rising — and is likely to continue to rise — with industry consolidation, as large banks that need automated processes to handle their heavy loan volumes continue to acquire small banks.

The likelihood that a bank will use both automated processes to make a decision on your loan application is tied to the size of the loan you're requesting; the smaller the loan, the more likely the evaluation will be fully automated.

Credit scoring, which has been around for years, is the process by which a computer calculates an applicant's creditworthiness, be it for a credit card or — with increasing frequency — a small - business loan.

One reason for delays, says Holmes, is that public programs often customize loan documents, while banks have a more standardized process.

An Apollo spokesman told CNBC that Harris wasn't involved in the company's decision to extend the Chicago loan, adding that the matter went through the firm's standard approval process.

If you apply, expect barter companies to check your Dun & Bradstreet credit rating and vendor references, although the application and approval process should be easier than with a bank loan; on credit lines worth more than $ 10,000, owners may also have to sign personal guarantees.

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.

The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of their loan.

Recently, we released a report that describes how the payment processing policies of private student lenders and loan servicers may be sidetracking responsible borrowers looking to pay off their loans more quickly.

Keep in mind that the process of applying for a loan through the SBA is much more involved than that of an alternative online lender.

The borrower will be presented with an Application Disclosure and an Approval Disclosure within the application process before they accept the terms and conditions of the loan.

It's important to note that while the application is being processed, payments on the old loans will still need to be made as usual.

Applying for and accepting federal loans may be a tedious process, but in general, you should opt for federal loans and borrow as little as possible in the form of private loans.

In short, the term «consolidation» is used to describe the process of combining multiple loans into a single loan while the term «refinancing» is used to describe the process of using a more advantageous loan to repay an older loan.

They shouldn't stop there — once this process is completed, they can decide on a strategy to repay their student loans.

If any of their loans are currently in the grace period, borrowers may elect to have their servicer delay the processing of the loan consolidation for one to nine months to take full advantage of the grace period for the loan (s).

Once research has been completed, and the decision to consolidate federal student loans with a Direct Consolidation Loan has been made, the actual process of consolidating is relatively simple.

Applying for any business loan is a process that you need to prepare for.

The process of seller financing is simple: the individual selling the business holds the note for the business loan and the buyer makes payments, with interest, to the seller rather than to a bank.