Sentences with phrase «loan applicants»

"Loan applicants" refers to individuals or businesses who are seeking to borrow money from a bank or lending institution. They are the people who apply for a loan, meaning they fill out an application providing information about themselves, their financial situation, and how much money they want to borrow. Full definition
The majority of loan applicants get the money on the same day.
Credit scores are one of the most important qualification criteria for home loan applicants.
Keep in mind, however, that two things are universal across personal loan applicants: they have to be in good financial standing and the math should check out.
The federal government does not check histories of student loan applicants.
Understand more about the relationship between one's credit score and credit history and what home mortgage loan applicants can do to improve their credit today.
Check Into Cash requires an active checking account from loan applicants in order to provide payday loan.
We employ a «makes sense» approach to underwriting, which allows us to view loan applicants as individuals rather than simply a collection of numbers and statistics.
The connection isn't obvious, and many business loan applicants don't realize the insurance requirement exists until it's almost too late.
However, it's important for jumbo loan applicants to understand that there are real advantages to applying with a local direct mortgage lender.
Most financial systems have been found to discriminate against loan applicants based on a set of predetermined criteria.
Lenders are using tough standards to screen loan applicants and are focusing most of their attention on low - risk lending to those with good to excellent credit scores.
Eligibility for a reverse mortgage requires that loan applicants own their home.
Lenders may generally ask loan applicants for this information but they can't make credit decisions based on it.
When a loan officer pulls the credit of a first time loan applicant the result might not be what you expect.
That puts loan applicants at a competitive disadvantage with other borrowers.
There are some additional requirements for direct loan applicants.
According to a nationwide review of 10,000 loan applicants across 700 different industries, 82 % of loan applications from small businesses are turned down by a bank.
Most loan applicants go to their loan interview with a signed copy of purchase contract.
Healthy loan applicants usually choose no - medical - exam insurance because it's much faster to get.
Most loan applicants go to their loan interview with a signed copy of purchase contract.
As mentioned above, lenders tend to look at the big picture when evaluating loan applicants.
A: First, we gather as much data as possible about loan applicants.
The first thing potential loan applicants should know is that the answer depends greatly on several factors, but one of the most important ones is the nature of the bankruptcy filed.
This article explains five of the most important requirements loan applicants encounter.
This article explains five of the most important requirements loan applicants encounter.
Mortgage lenders would have to give loan applicants their credit score and an explanation of the score and could no longer just advise them where to obtain the information.
Interview prospective loan applicants to determine up front eligibility and screen for approval.
We interviewed hundreds of loan applicants over the past few years.
Similarly, low - income loan applicants were more likely to have their loans approved in 2015 than in 2004.
However, from a banker's perspective, a newly formed corporation is a more risky loan applicant than an individual with a home and other assets.
This was true even when people of color earned the same amount of money as white loan applicants, wanted to take on the same size loan or buy in the same neighborhood.
This is good news for loan applicants looking for the best rates and terms when looking for a vehicle loan.
This means that the larger the amount of existing debt, the smaller the unsecured loan an applicant is likely to get.
As one of the fastest growing mortgage lead generators, we pride ourselves in matching interested loan applicants with competitive lenders and brokers.
The highest value 850 makes you the favorite loan applicant for any lender or banks.
Moreover, loans to beautiful loan applicants are bad investments because beautiful borrowers are much less likely to repay their loans than less attractive borrowers.
The Lead Planet has the ability to refer us thousands of loan applicants daily seamlessly with premiere mortgage lenders that look to earn the borrower's home financing business.
Effectively managed risk by determining creditworthiness of commercial loan applicants; analyzed range of financial data, including balance sheets, income / cash flow statements, budgets, and projections.
The rule, also known as the «ability to repay rule,» limits points and fees which lenders can charge loan applicants.
ICICI bank offers cover for loan liability through which personal loan applicants can insure their personal loan liability with «All Safe» Insurance with no extra cost.
Likewise, neither one has a set cap of how much in student loans an applicant can refinance.
So the community groups created «down payment assistance» programs designed to either lend or give certain qualifying home loan applicants that last few percent so they could get their homes.
Provided support to underwriters, dealers and loan applicants with exceptional customer service.
This rule mandates that lenders financially assess all reverse mortgage loan applicants.
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