From what I have read, no, a underwriter cannot stipulate who goes on the title if the loan is in more than one person's name. Normally, both names that are on a loan have to go on the title of the purchase from the loan.
No. A loan processor gathers the documents and information needed so that an underwriter can approve (or disapprove) a loan. In general, the loan processor does know what is needed by the underwriter.
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Once the underwriter approves a loan, the lender will issue a loan commitment letter outlining the terms and conditions of the loan. The borrower must then satisfy any remaining conditions specified in the letter before closing. After these conditions are met, a closing date is scheduled, where the final paperwork is signed, and the funds are disbursed. Finally, the loan is officially funded, and the borrower begins making payments as stipulated in the loan agreement.
The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.The loan must be paid off and you must sign the title over in order to get the title and loan out of your name and responsibility.
A mortgage lender or broker who approves or turns down loan applications based upon the quality of the real property, credit-worthiness and ability to pay according to the guidelines of the lender with regard to ratio of mortgage loan to value of property.
A title loan is also known as car title loan. It is a type of secured loan where you can use your vehicle title as collateral to get the funds you need. When you borrow with your car title, you allow the lender to place a lien on the title of your car, SUV, RV, truck, or motorcycle in exchange for a loan amount. This loan don't rely on your credit score.
Yes, they would obviously know about it. When a title loan company offers you a title loan, it will check the car title well in advance. When it checks the title, it will easily come to know about any liens.
Yes, it is possible to get a title loan on a motorcycle.
If you have defaulted on the loan, you must sell the vehicle, pay off the loan you have, receive a lien release on title from the loan company and sign it ovet to the buyer. This is bad situation as most people will not pay for a vehicle with out receiving the title at the time of purchase.
The bank receives the title until the loan is paid. If the loan is paid off then you receive the title.
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.
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