Sentences with phrase «loans officer»

She is the eldest child of Gordon and Christine, a loans officer for a credit union and a retired nurse respectively.

He eventually became a loans officer at a bank and struck out on his own in 1982.

The loan officers would only consider your application if they have faith in the success of your business idea and they will appreciate if you tell them how their funds would be utilized.

And while Federal Reserve Senior Loan Officer Surveys indicate some easing of loan terms for small businesses has occurred, it hasn't occurred as much as terms were tightened during and after the financial crisis, she noted.

He thinks the loan officers there were able to see the potential of his businesses.

Judgment day is this: going through each line of your credit report with the loan officer who can either move your purchase forward or end your dream with the stroke of a pen.

More recently, he was COO at Yogurty's, where he met Zahedi, then a Royal Bank loan officer who streamlined small - business loans for Yogurty's franchisees.

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.

«In fact, many commercial loan officers are referring their customers to the SBA lending divisions within their banks.»

Presidentially - appointed SBA officers and disaster loan officers will not be affected by the government shutdown, but across the board, 62 percent of SBA employees would potentially be subject to furlough if Congress does not pass a funding bill.

But in reality, a bigger danger to many companies and to customers» sensitive data comes from seemingly benign faces inside the same companies that are trying to keep hackers out: a loan officer tasked with handling customers» e-mail, an attendant at a nursing home, a unit coordinator for the main operating room at a well - regarded city hospital.

Finding a loan officer with decision - making authority at the level of your borrowing needs is crucial.»

Your choices are going to vary, and you may find out that you already have a good interest rate, but talk to several loan officers at a number of banks to find out if you can save by finally making the big loan consolidation move.

According the study, there's a 98 % chance of loan officers being replaced.

What's more, their loan officers typically have more flexibility and decisio...

It's one of the first documents that a loan officer will want to see.

Loan officers judge social media accordingly.

Farley founded the company in 1998, and he generated $ 700,000 in revenues as Pride's only loan officer for most of that year.

He wanted to plead his case, but try as he might, he couldn't get face time with a loan officer.

If the request exceeds that figure, a loan officer or bank committee makes the decision, employing the credit score as one of several factors.

By year's end, he was ready to bring on more loan officers.

In fact, the company's eight other loan officers, some of whom head regional offices, have considerable leeway in how they promote Pride's services.

One way to improve that balance of power is by learning to recognize when loan officers may believe it's the right time for your company to borrow funds.

An SBA lender offers two tips on how to improve borrowing relationships with your loan officers.

To see how credit access is shaping up, small - business owners might want to note when the Federal Reserve releases the results of its quarterly survey of senior loan officers in January, April, July and October.

«Be prepared for an in - depth discussion to help the loan officer agree with your assessment of the need and strategy for restructuring,» Ritter advises.

In Nicetown, a section of North Philadelphia where vacant, boarded - up row homes dot the landscape, the chief operating officer of the local community development corporation said she would love it if Trident's loan officers would attend one of her homebuyers clubs.

Stick close to home, so that it's possible — in fact, essential — to develop a personal relationship with your loan officer and other key bank employees.

For Jeff Austin, president and chief operating officer of Austin Travel Corp., a 225 - employee chain of travel agencies based in Melville, N.Y., his 10 - year - long relationship with his bank's loan officers has survived several rounds of bank mergers.

Unfortunately for a cash - poor start - up, however, to a loan officer the latter looks identical to the former.

The bank is experimenting with a program that sends loan officers, laptops in hand, to visit prospective business borrowers.

Because many banks are taking steps to automate their credit - granting programs so that customers can either phone in or electronically transmit loan requests without having to meet with a loan officer.

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.

Be sure to maintain communication with your loan officer or another designated staff person.

After the loan officer has received your application, s / he will contact you to review the request.

Confirm the best way to reach your loan officer or other staff person should you have questions.

The loan officer may also conduct a site visit to verify the business location and the nature of the business.

In the case of a home office, the loan officer may visit to verify that a home office exists, and how it is organized.

Barzilay: How do you incentivize your loan officer with the «$ 0 commission» policy?

If you want to talk to a mortgage loan officer in person, you'll find these lenders have offices across the nation and likely in your neighborhood.

A loan officer will respond within two days.

Although the loan officer agreed to use the boat as collateral and finally approved the loan, Alison learned a lesson about credit scoring.

Bankers and Loan Officers at Credit Unions represent the bank and the credit union not the applicant where as a commercial loan broker just like a mortgage broker represents you.

All of these documents allow loan officers to dig into a person's history of paying back debts, and they can provide officers with a glimpse into a family's ability to pay back the loans they need.

For example, if you're planning to use the loan proceeds to buy another business you'll need to provide a copy of the purchase agreement, the target company's financial statements, tax returns, and other details about them (your loan officer will inform you as to the specific documents you may need to add to your loan application).

«Use caution in how you're deducting expenses as it's the net income that's used to qualify for a mortgage, not the gross pay,» said Kevin Hardin, a senior loan officer with HomeStreet Bank.

You should strive to compare mortgage rates by getting multiple quotes so you can get an idea of what the market rate is and also the type of service you can expect from the loan officer in question.

Speed of funding is often a crucial component of closing a deal with sellers, loan officers and business brokers.

If you are applying for a loan at the local bank or credit union, you traditionally will meet with a loan officer in the branch office and be given the appropriate forms to complete the application.

Depending upon the lender, the requirements vary, so you'll want to understand what you'll need to make the application before you talk to a loan officer or apply online.