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The process for conducting loan checks involves verifying the borrower's financial information, such as income, credit history, and debt-to-income ratio. Lenders use this information to assess the borrower's ability to repay the loan. They may also check the borrower's employment status and assets to determine their creditworthiness. This process helps lenders make informed decisions about approving or denying loan applications.

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AnswerBot

5mo ago

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