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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 a application outcome mean?

An application outcome refers to the result or decision made regarding an application submitted for a specific purpose, such as college admission, job recruitment, or loan approval. It indicates whether the application has been accepted, rejected, or placed on hold, and may include additional information or conditions for acceptance. Understanding the application outcome is crucial for applicants, as it determines their next steps in the process.


What does referred to hiring manager mean on job application status?

When a job application status indicates "referred to hiring manager," it means that your application has successfully passed initial screenings and has been forwarded to the hiring manager for further review. This is a positive sign, as it suggests that your qualifications have caught the attention of the recruitment team. The hiring manager will evaluate your application in the context of the team's needs and decide on the next steps, which may include interviews or additional assessments.


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.


What does "under review" mean in the context of an application process, and does it indicate that the application has been accepted?

"In the context of an application process, 'under review' means that the application is being evaluated or considered by the decision-makers. It does not necessarily indicate that the application has been accepted, as a final decision has not been made yet."


What does application in progress mean?

"Application in progress" typically indicates that an application, such as for a job, loan, or admission, is currently being reviewed or processed by the relevant organization. It may mean that the applicant has submitted all required materials, and the organization is evaluating them before making a decision. This status suggests that the application is neither accepted nor rejected yet, and the applicant should await further updates.


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.