loan approval


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  • noun

Words related to loan approval

formal authorization to get a loan (usually from a bank)

References in periodicals archive ?
Applicants must therefore consult any financial institution of their choice and if they succeed in a loan approval, their application to the Caedb will be handled through the scheme for the subsidisation of interest rate of housing or business loans, with no guarantees from the agency.
Global Banking News-October 19, 2015--National Australia Bank enters into tie up to speed business loan approvals
With Credila's education loan approval letters, thousands of creditworthy students from India, now, will be able to fulfill their dreams of higher education in the USA".
While these disparities in loan approvals do not conclusively prove that blacks and Hispanics face discrimination in mortgage lending (in that they do not take into account possible differences in borrower creditworthiness) the differences are so dramatic that they strongly imply the existence of discrimination.
And while cultural factors have contributed to the low loan approval rating, Barragan said Pacoima has not received the same attention as other poor neighborhoods.
Home re financing loan approval rates rose roughly 4 percentage points for each major income group, while home purchase loan approval rates rose most dramatically for low-income borrowers.
Although he recently received a loan approval for $913,000, he may have to put plans for expansion on hold indefinitely.
Galanter, who went to South Africa with representatives from the company, the DWP union, the Mayor's Office and others in late August to explore markets for the scooters, criticized the loan approval, saying the DWP was carrying too much of the risk.
Idaho Falls, Idaho-based Solex brings RV financing into the 21st Century with automated loan approval and underwriting.
They got the loan approval a couple of months ago but decided to announce it Friday, he said.
As a designated PLP lender, Fortune Bank can now streamline the loan approval process and grant government-guaranteed loans to small business owners in a much faster timeframe.
Other services include automation services for critical business processes such as pricing, underwriting and compliance; and development of loan approval, comparative evaluation and credit management systems.
We wanted to work with Honduran technology specialists to design an automated system, one that doesn't rely so heavily on paperwork and which consolidates the loan approval process from three days to about 15 or 20 minutes," said Lehigh student Scott Menzer '07, a computer science and business major.
Managing all processes from request to completion, Appian allows Real Capital to easily manage the loan approval process and ensure that customers are receiving the best possible service.
These new technological advancements allow lenders to predict fraud and mitigate loss with unprecedented accuracy while increasing workflow efficiency and reducing loan approval timeframes at the point of sale.