Sentences with phrase «originating bank»
The phrase "originating bank" refers to the bank where a financial transaction begins or originates. It is the bank that initiates the transfer of money or processes a payment on behalf of a customer. Full definition
CommonBond's originating bank partner, Bank of Lake Mills (the lender), considers your credit history and other credit factors and quickly makes a decision regarding your application.
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If you request a loan, you are also providing information to the potential originating bank, and additional information may be provided to that bank after your loan originates.
Unlike its iShares predecessor, the Market Vectors ETF does a better job of giving you only mortgage REITs, rather than adding in other loosely related companies like mortgage - originating bank Hudson City Bancorp (Nasdaq: HCBK).
The Recovery Act includes an additional provision for over $ 15 billion in previously approved TARP (Troubled Asset Relief Program) funds to be designated for purchases of 7 (a) and 504 first - lien loans from originating banks.
These algorithms look at features of an order, like the name, purchase amount, originating bank account and status of the customer, and attempt to detect which orders are likely to be fraudulent.
Simultaneously performed duties as a Credit Analyst while using the title «Commercial Banker» to proactively originate bank clientele
These loans allow the originating bank to have exposure on 25 percent of the loan's principal, while the SBA takes on the other 75 percent.
While waiting for that excuse, ask your bank to contact the originating bank to verify how much the original transfer was for.
Answered in the negative, the question could allow Fannie and Freddie to force repurchases of significant mortgages by the originating banks.
But what happens if those loans are slated to be sold, and the originating bank is only retaining a small portion of the risk?
The use of information about you by your originating bank is governed by that bank's privacy policy;
Equipment Finance / Leasing transactions that are purchases from third parties as Fifth Third is not the originating bank.
Some of the fees are assessed by third - parties or the originating bank.
Furthermore, most loans are not even serviced by the originating banks.
If the originating bank has to retain that risk on its balance sheet it could «destroy» that industry, says Brian Stoffers, president of CBRE Capital Markets in New York.