The company determines high -
quality borrowers by considering various factors such as job history, area of study, and level of education.
Not exact matches
PeerStreet's view is that
by performing its own due diligence on
borrowers using a software - based underwriting engine, the company can match high -
quality debt with a growing crop of yield - hungry investors.
When investor preferences are risk - seeking, overly loose monetary policy can have a disastrous effect
by promoting reckless speculation and enhancing the ability of low -
quality borrowers to issue debt to yield - starved investors.
Some of the criteria established
by the NASFAA Monograph include: loan cost,
quality of customer service, problem resolution (responsiveness to complaints), lender default rates and lender default aversion efforts (including early intervention), ease of loan certification process, 24/7/365 availability to
borrowers, disbursement flexibility, loan products offered (Stafford Loan, Parent PLUS Loan, Grad PLUS Loan, Private Student Loan, Consolidation Loan),
borrower preferences for national and local lenders, life of loan servicing, entrance and exit counseling, financial literacy and debt management counseling, clarity and accuracy of lender marketing materials and web site, protection of
borrower privacy, response time for processing loan applications, and
quality of lender toll free telephone numbers and call centers (e.g., hold times and complexity of phone menus).
Personal loans offered
by Stilt carry an interest rate ranging from 7.99 % up to 15.99 %, and total funding can reach $ 25,000 based on the
quality of the
borrower's application and financing need.
Guest Post
by Deanne Loonin (Attorney and advocate for low - income student loan
borrowers) Programs to help struggling student loan
borrowers will only succeed if servicers effectively do their jobs and provide high
quality information and assistance.
But I do resist any attempt to spin this as an investor friendly move or any suggestion that this was motivated
by a desire to achieve a higher
quality overall
borrower (& therefore, loans that will perform better)
He added that any subprime failures would be offset
by the
quality of most American
borrowers being «unusually high.»
«But I do resist any attempt to spin this as an investor friendly move or any suggestion that this was motivated
by a desire to achieve a higher
quality overall
borrower»
Bonds and their funds are often graded on
quality and
borrower repayment ability (like an individuals» credit score)
by credit rating agencies like CRISIL, ICRA etc..
The
quality of retail credit is best indicated
by the repayment performance of individual
borrowers.
Managed client services
by scheduling the closing between the
borrower and the closing agent assuring
quality customer service
He also stressed that the
quality of mortgages in Canada, as determined in large part
by the credit scores of
borrowers, is much better.
Lenders who embrace the opportunity to effectively integrate best of breed technologies from first
borrower conversation to post closing will gain market - share and improve loan pull through
by providing the financial
quality required and exceeding the goals of the CFPB intention at every stage in the mortgage sales process.