Sentence examples for processing of a loan from inspiring English sources

He also said that if the processing of a loan is delayed because of a bank site's being temporarily closed, and the interest rate lock expires during that time, the customer would continue to qualify for their previous interest rate.

In an emailed statement to HuffPost, a Bank of America spokesman said the claim was the result of a "miscommunication of the bank's requirements and policies during the processing of a loan application".

The old way of processing mortgages involved a loan officer or broker collecting reams of income statements and ordering credit histories, typically over several weeks.

They typically don't have such access because banks that operate in the developing world view the poor as too great a credit risk, and the processing cost of a $50 loan is thought to wipe out much of the potential profit.

If, during the processing of the loan, the costs change the effective rate of interest by one-eighth of a percentage point, a new set of disclosure documents must be issued, and the loan cannot close for at least another three days after that point.

Borrowers should make sure they're not delaying the processing of their loan.

Furthermore, we demonstrate the important role of redemption in the processing of problematic loans, because an amicable agreement with an already defaulting customer was achieved in 40%% of the cases.

The application and processing of a refinance or a home equity loan have the same basic process of the original mortgage application.

Processing a loan application would ordinarily take months, because an environmental evaluation is required.

For example, the cost of processing a student loan application on paper is about £280; the figure is ten times less for the web, where most of the 1.2m applications a year are handled.

This paper proposes a knowledge driven automated compliance auditing scheme for the processing of loans by banks.