Sentences with phrase «serviced by another lending institution»

Those of you that have ever owned a home, you may have experienced this when you are notified that your loan is being serviced by another lending institution.

Traditionally, mortgage loans have been serviced by lending institutions.

Not exact matches

Developmental lending as practiced by IBC involves providing financial services (primarily loans) to aboriginal people who, for a variety of cultural and / or financial reasons, are alienated by mainstream lending institutions; approving loan applications on the basis of typical financial considerations while taking into account the potential for positive social or community outcomes; and evaluating social outcomes resulting from the loan portfolio over the long term.

You must provide documentation of the interest paid, which must be provided by the bank or lending institution that extended the loan or is currently servicing the loan.

It may be early days in Canada for fintechs, a catchphrase for new innovative financial technology startups, and major technology companies that are challenging traditional financial institutions on their turf by offering cheaper and easier - to - use Internet - or smartphone - based services such as payment apps or peer - to - peer lending or digital currencies, but Canada's Big Six banks are paying heed even though they appear to be on solid ground.

Even - bigger banks, bundled services, and stronger Internet lending are among the trends in store for the mortgage lending industry in 2004, according to predictions released recently by Integrated Loan Services (ILS), a Rocky Hill, Conn. — based loan services provider to financial institutions and other services, and stronger Internet lending are among the trends in store for the mortgage lending industry in 2004, according to predictions released recently by Integrated Loan Services (ILS), a Rocky Hill, Conn. — based loan services provider to financial institutions and other Services (ILS), a Rocky Hill, Conn. — based loan services provider to financial institutions and other services provider to financial institutions and other lenders.

MIS consistently provides timely title searches, valuation reports, and settlement services to lending institutions while maintaining the highest standards of quality through the effective use of technology delivered by a well - trained, professional staff.

The new mortgage lending rules introduced by the Office of Superintendent of Financial Institutions (OSFI) require home buyers to prove that they can service their uninsured mortgage at the contractual rate plus two percentage points or the five - year benchmark rate published by the Bank of Canada.

However, it pays to shop around because many mortgage brokers will provide their services free to you by having the lending institution absorb the cost.