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What is table funding?
A lending method employed when a loan originator does not have access to the money necessary to make loans and then hold them until it has enough to sell on the secondary market. As a result, the originator forms a relationship with a lender who provides the funds for closing and immediately takes an assignment of the loan.This is called table funding. Under regulations of the Department of Housing and Urban Development, table-funded loans must disclose service release premiums-profit received by the originator-on the loan closing settlement statement. Loans sold on the secondary market do not have to make those disclosures.
What types of loans require a cosigner?
Some types of loans that may require a cosigner include student loans, personal loans, and auto loans. A cosigner is typically needed when the primary borrower does not have a strong credit history or income to qualify for the loan on their own.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
What is the primary emphasis of short term lenders?
fast return on money loans at a high interest rate
What was the primary purpose of Grameen Bank is to?
The purpose of the Grameen Bank is to provide microcredit loans, especially to women.
What is table funding?
A lending method employed when a loan originator does not have access to the money necessary to make loans and then hold them until it has enough to sell on the secondary market. As a result, the originator forms a relationship with a lender who provides the funds for closing and immediately takes an assignment of the loan.This is called table funding. Under regulations of the Department of Housing and Urban Development, table-funded loans must disclose service release premiums-profit received by the originator-on the loan closing settlement statement. Loans sold on the secondary market do not have to make those disclosures.
What are the primary assets of credit unions?
Consumer Loans
What types of loans require a cosigner?
Some types of loans that may require a cosigner include student loans, personal loans, and auto loans. A cosigner is typically needed when the primary borrower does not have a strong credit history or income to qualify for the loan on their own.
What is a call originator?
A call originator is the person placing a call to another subscriber on a telephone network.
What is the primary purpose of a loans credit?
The meaning for loans credit may be the amount that is loaned. A primary purpose for a loan is perhaps to improve the home, replacing old appliances, and to generally add value. Another purpose may be to purchase a new car, or even for a holiday.
What is a mortgage loan originator?
Mortgage loan originator is an institution or individual that works with borrower to complete a mortgage transaction.A mortgage originator can be a mortgage broker or mortgage banker & is the original mortgage lender.
What is the primary emphasis of short term lenders?
fast return on money loans at a high interest rate
What was the primary purpose of Grameen Bank is to?
The purpose of the Grameen Bank is to provide microcredit loans, especially to women.
What is the primary function of finance companies?
The primary function of finance companies is to provide loans and credit to individuals and businesses for various purposes, such as purchasing goods, financing education, or funding operations. Unlike traditional banks, finance companies often specialize in specific types of loans, such as auto loans or personal loans, and may cater to borrowers with less than perfect credit. They typically earn revenue through interest on loans and fees for their services. Additionally, finance companies may also offer leasing and investment products.
Who is originator of acebrophylline?
sun
What does progenitor?
1. ancestor: a direct ancestor of somebody or something 2. originator: the originator of or original model for something
Was Jesus the originator of the church?
He is the originator and head of the church. The church is not a building, but made up of those who believe in Him as Lord and Savior.
