Sentences with phrase «on loan applications»

Lenders are checking to see if applicants list the same job information on their loan applications as they do on LinkedIn, whether they revealed a job termination on Facebook, and even searching for negative reviews on...

They also lied on loan applications about the straw buyers» income, net worth, employment histories to manipulate the lenders into approving these loans.

Giant mortgage investor Freddie Mac plans to dispense with traditional appraisals on some loan applications for home purchases, replacing them with an alternative valuation system that would be free to both lenders and borrowers.

Often those involve exaggerations, white lies or outright falsehoods on loan applications.

This law has been used to prosecute borrowers and their brokers who lie on their loan applications or «fudge» down payments for FHA loans.

New lending requirements will take effect on loan applications taken on or after August 1, 2015.

She is in charge of credit card applications, explaining car and home loan procedures, assists applicants on their loan applications.

The main job responsibility of a mortgage loan processor is to fill, verify, compile and input financial data on loan applications.

Why wouldn't the simple technique of counting energy costs on loan applications drive the market to adopt the techniques we've already proven?

Ms. Mueller added, «While our top priority has been, and remains, acting on loan applications quickly while safeguarding taxpayer interests, we take these procedural issues seriously and are working to put in place a robust records management process.»

• Don't lie on loan applications.

It's also important that business owners never lie on loan applications.

People lie on their loan applications, and can otherwise deceive creditors into entering loan agreements that are unfavorable to them.

In July 2015, it cut ties with 45 of them after it uncovered inaccurate information on loan applications.

Waiting on loan applications and spending too much time getting them done are no fun, but neither is stressing over the process.

Always be truthful and honest on any loan applications that you make.

For starters, know that bad credit, though a definite negative on loan applications, comes in different flavors, which means that under certain circumstances lenders will give you an unsecured loan with bad credit.

The reason for such help is not because some home buyers didn't lie on their loan applications, or because some lenders didn't look the other way when borrowers were patently unqualified for big loans, or that banks and brokers on Wall Street were not obligated to check the value of securities and properly report them, rather it was a matter of self - interest — fewer foreclosures mean less downward pressure on local home values, including the value of your home and mine.

It is easy to see why this option is so acceptable to lenders, whose fears when reading low credit scores on loan applications is that their investment will be lost.

Because of these possibilities, submitting low credit scores on loan applications can make approval next to impossible.

Often those involve exaggerations, white lies or outright falsehoods on loan applications.

Prior to assuming his current duties, Mr. Bouril spent five years as a credit program analyst in the Office of Budget and Program Performance, where he advised the Chief Financial Officer on loan applications and credit policy and assisted in the development and execution of DOT's budget of more than $ 70 billion.

Philip Penton implies that the mortgage debacle occurred because of people lying on their loan applications (7 July, p 31).

I remember signing off on loan applications without really reading anything and certainly not understanding the magnitude of the repayment demands awaiting me once when I finished college.

There is a fairly common group of metrics that lenders require from farmers on loan applications, including information on cash flow, crop volume and production figures, etc..

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.

Computers, programmed to verify the accuracy of the information on a loan application, will then decide yea or nay on the loan.

In most cases, they'll get an answer on their loan application with the same day (sometimes with the hour) without the need to collateralize a particular piece of real estate, inventory, or other had asset, making it possible for many healthy businesses that don't have collateral to qualify for a small business loan.

If you decide to move forward with J.G. Wentworth, you're able to save the progress you've made on your loan application by signing into the company's website.

In general, banks that lend money for mortgages or other loans take a look at the credit histories of everyone whose name is on the loan application.

This mean that for every thousand dollars in rent collected, $ 750 can be used on your loan application.

The exact structure depends on your loan application and decision from underwriters, but on occasion, this loan option may also require a personal guarantee (but never collateral).

They like to check a potential applicant's history through the credit bureaus to help make a more informed decision on the loan application.

Your DTI includes the minimum payment on each debt listed on your credit report, other debts on your loan application, and the monthly payment for your new mortgage.

However, lying on a loan application is a form of fraud.

But before you sign your name on a loan application, make sure you understand what you're getting into.

If a loan officer tells you to misrepresent yourself in any way on your loan application, that's a huge warning sign.

You'll be notified with a decision on your loan application within a few minutes.

Researchers have obtained data on loan application outcomes for all U.S. small business and farm loans for the past decade.

There are also private education lenders who will work with international students; generally, a U.S. cosigner is required on the loan application.

When both a bankruptcy and foreclosure are disclosed on the loan application, the lender may apply the bankruptcy waiting period if the lender obtains the appropriate documentation to verify that the mortgage loan in question was discharged in the bankruptcy.

If the LTV is too high on a loan application, a lender may require the prospective borrower to make a down payment to decrease the LTV.

A decision will be made on your loan application and you will be notified typically within one business day.

The lending institution will approve your loan in an amount that is equal to or less than the collateral that you provide on the loan application.

When credit reporting agencies such as Equifax, TransUnion and Experian, have bad information about you, this will affect lenders that will give their decisions on your loan application.

Depending on the lender, they may request a history of previous addresses or your current employer's address listed on your loan application.

It can help you ensure success on your loan application, and find the right money lenders for your use and disposal.

Should reduction of monthly payments may not be right for you; you may consider talking to your family members or close friends who have good credit, asking them to act as a guarantor or a cosigner on your loan application.

Ask your loan office for advice on following up on your loan application.

NationalCashCredit.com will help you get up to $ 1,500, based upon the information that you provide to us on the loan application.