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What can you do when a loan officer misrepresents the terms of a loan?
Wiki User
∙ 12y ago
It may be hard to prove that anyone misrepresented the terms if you signed a contract acknowleging the terms. I realize that contracts can be pages and pages of fine print, but in the end, you are obligated to know the wording of your contract before you sign. You could contact a consumer attorney for advice.
Wiki User
∙ 12y ago
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Can I get a loan officer license online?
You can take the courses to be a loan officer online. Most schools are accredited, but you still will have to take the national test to be a certified loan officer.
What is a sentence using the word misrepresents?
This essay misrepresents your talents; please rewrite it.
What does it take to be a loan officer?
Loan officers are generally associated with banks, financial institute who offers loan to customer. Loan officer directly originate loan from the financial institute for the customer.
What is the difference between credit officer and loan officer?
credit officer assesses the capacity to pay of the client. loan officer extends loans to the assessed cleint
How do I become a loan officer?
You can get training to become a loan officer at your local college. It is a very sought after career.
When was John Allison a manager of loan officer development?
1972-1973, manager, loan officer development program
Do you know of any good loan officer schools ?
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What are the responsibilities of a loan officer?
There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.
How do I file for a home loan at my local bank?
Simply make an appointment to see a loan officer. At that time you can speak with the officer about the type of loan you are looking for and they will provide you with the paperwork required to file a loan.
What are the responsibilities of a mortgage loan officer?
There are numerous responsibilities of a mortgage loan officer. These include making sure the client can afford the mortgage, an appropriate loan to value is offered, and that the loan is compliant with company policy.
What terms are usually featured on a residential mortgage loan application?
There is a lot of information of a Residential Mortgage Loan application. Terms of the loan would be the amount of the loan, the interest rate and the length of the loan. There are different types of terms such as fixed, gpm, and arm.
What is the duty of a loan officer?
The duty of a loan officer is to take applications for loans and mortgages. The loan officer must look to protect both the interest of the client and of the lending institution. They will do credit checks on customers, and follow up with delinquent payments.
