Sentences with phrase «lending decision process»

While a credit score plays an important role in the mortgage lending decision process, it is not the sole factor.

Not exact matches

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 application process for fast loans is simple and often takes place online, with the lending decision made quickly.

We commit to helping you understand the process of Reverse Mortgage lending, arming you with the knowledge to make an educated decision whether or not a Reverse Mortgage will best help your particular situation.

Although your credit score is one factor that goes into the decision making process — lenders, credit card issuers, and other financial institutions use a variety of different types of credit scores as well as other criteria to make credit and lending decisions.

Credit unions are non-profit entities and are therefore able to make decisions that make the lending process cheaper, mostly due to the low - interest charges.

Because the process is highly automated, the lending decision is made in a few minutes and the feedback gets back to you in a moment.

LendKey's online lending solution manages the entire process for the traditional financial institutions including generation, online decisioning, loan origination, customer service, and balance sheet management.

While the terms are basically similar to ordinary payday loans, some benefits derived from applying for a payday loan on the phone include instant response on the lending decision, fast application process, usually not more than five minutes and quick access to cash, should one qualify for the loan.

In the past, credit was primarily used by banks and other lenders in the process of making lending decisions.

When consolidating private student loans, the best part of the process is that, once you've made the decision to consolidate your loans and provided the lending company your personal information and / or that of your potential cosigner's, there is very little left for you to do.

«By providing all the third - party verifications lenders need, FraudPlus helps lenders streamline the verification process and make informed lending decisions.»

Smith says a judicial review of a decision «might be extremely difficult» as the process of moving through intermediate mediation steps such as telephone conversations may not lend itself to providing the documentation needed for the court process.

A well - written resume sample for Loan Assistant should mention qualifications such as knowledge of lending processes, accuracy, integrity, research abilities, detail orientation, and decision - making.

We commit to helping you understand the process of Reverse Mortgage lending, arming you with the knowledge to make an educated decision whether or not a Reverse Mortgage will best help your particular situation.