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What does it mean when your loan application has been referred?
Wiki User
∙ 11y ago
your never get it if leeds get there way
Wiki User
∙ 11y ago
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What does referred mean on a loan decision?
Referred means that a loan was unable to be approved by an automated underwriting program based on the information provided on an application. This is different from a denial since the loan application can still be reviewed by a human underwriter.
What do you mean by Loan IQ experience?
Loan IQ is commercial lending application developed by Misys
How long do you keep loan applications in California?
Do you mean how long does a broker / Bank keep them on file after application? or do you mean how long is the application good for consideration?
What does Referral EID mean on a application?
The Referral EID on some applications will mean the Employee Identification number of the person(s) that referred you to that particular application.
What does LOS mean relative to vehicle financing?
A loan origination system, or LOS, is the software application used by an auto lender to manage the loan process.
When it says referred by on a job application what does that mean?
This means you needed the name of someone who works at that company who told you where to file the application. This trick works rather well.
What does extracted student loan funds mean?
It means that the loan has been approved and and removed from your account to be dusbursed to the school.
Defendants application struck out what does this mean?
During a court proceeding, the defendant may make certain request and applications to turn the case in his favor. Some of these applications may be disallowed and that is what is referred to as a "struck out" application.
What does your resume is being reviewed in cpol mean?
That you have passed a hurdle but have not been referred yet.
What does interest capitalization mean?
Capitalization occurs when your lender or loan servicer adds the amount of unpaid, accrued interest on your student loan to your loan balance. Once this interest has been capitalized, interest begins to accrue on that new, higher loan balance.
What is a fully disbursed loan?
Disbursed loan mean unsettled loan...........
What does applied mean wen uve put in for a loan?
There are two typical definitions of "applied" when it comes to a loan. The first is the action of filling out a request for credit and providing a certain amount of preliminary information. An example of this would be the filling out of an online loan application or paper application and turning it in to the lender. The second definition is the act of supplying all information required to make a lending decision. An example of this would be you turning in the application, but the bank not calling it a complete application until you have supplied or they have obtained all required documents (pay stubs, appraisals, credit reports etc.) and data to be able to approve or deny the request.
