Loan Processing definition

Loan Processing means obtaining a loan application’s supporting documents for use in underwriting.

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Loan Processing means any of a series of acts or functions including the

Loan Processing means a series of acts or functions including the preparation

Examples of Loan Processing in a sentence

• You may opt out of this Arbitration Provision for all purposes by sending an arbitration opt out notice to LendingClub Corporation, ▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇, Sunnyvale, California 94085, Attention: Loan Processing Department, that is received at the specified address within 30 days of the date of your electronic acceptance of the terms of this Agreement.

• Upon Close of Escrow, Buyer shall pay for all closing costs including, but not limited to, Documentary Transfer Taxes; Escrow Fees (Buyer’s and Seller’s if an outside escrow company is used); Seller’s Document Preparation Fees (not to exceed $250); costs of CLTA Joint Protection Title Insurance Policy, and Preliminary Title Report; Loan Processing Fees; Tax Service Fee; Document Recording Fees; and other miscellaneous costs of closing the transaction.

• Suite 300, San Francisco, CA 94105, Attention: Loan Processing Department.

• You may elect to make payments by personal check by contacting ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or by regular mail at LendingClub Corporation, ▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇, Sunnyvale, California 94085, Attention: Loan Processing Department.

• Borrower may elect to make payments by personal check by contacting ▇▇▇▇▇▇▇@▇▇▇▇▇▇▇▇▇▇▇.▇▇▇ or by regular mail at LendingClub Corporation, ▇▇▇ ▇ ▇▇▇▇▇ ▇▇▇▇, Sunnyvale, California 94085, Attention: Loan Processing Department.

• Loan Processing on Policy Anniversary – On each Policy anniversary, the Loan Interest Charge is due.

• FMC’s invoice for FMER’s Loan Processing Services will state the number and amount of Loans disbursed during the month covered by the invoice.

• PROCESSOR will provide LENDER with status reports of the Loan Processing Program upon demand of LENDER, which reports will include information on Program usage and comments by users.

• With respect to Loan Processing Services and subject to FMER’s and FMC’s representations, warranties and covenants regarding compliance with Requirements of Law as expressly set forth in the Agreement, SunTrust represents, warrants and covenants to FMC and FMER that it will at all times comply with all Requirements of Law.

• PROCESSOR also retains the right to offer similar Loan Processing Programs to other lenders.

More Definitions of Loan Processing

Loan Processing. "Processes" shall mean, with respect to a loan, any of a series of

Loan Processing means any of a series of acts or functions including the preparation of a loan application and supporting documents performed by a person which leads to or results in the acceptance, approval, denial, and/or withdrawal of a loan application, including, without limitation, the rendering of services including loan underwriting, taking or receiving loan applications, obtaining verifications, credit reports or appraisals, communicating with the applicant and/or the lender or loan broker, and/or other loan processing and origination services for consideration by a lender or loan broker. Loan processing does not include the following:

Loan Processing. All loans are to be processed by a company approved contract processor. Originator is strictly prohibited from ordering/requesting/receiving loan verifications. Processors shall directly send, receive, and validate any and all loan verifications. Failure to follow these policies may result in forfeiture of compensation on closed and funded transactions. Expenses: Expenses include but are not limited to the company transaction fee, correspondent admin. fee, processing fees, credit report fees, courier and delivery fees, automated underwriting fees, software and website expenses, and any other expenses not paid from the proceeds of a closed and funded loan transaction. Loan expenses also include those paid by Innovative Mortgage Services, Inc. on behalf of the Independent Contract Loan Originator. All business related expenses shall be the responsibility of the loan originator. Loan originator is responsible for supplying their work space, hardware, software, professional tools, equipment, materials and supplies, and all other business related expenses as necessary. Loan originator may originate Entire Agreement: This Agreement and any other agreement, document or instrument attached hereto or referred to herein, contain the entire Agreement between the parties and supersede all prior agreements and understandings with respect to the subject matter hereof. In the event of any conflict between the terms, conditions and provisions of this and any such agreement, document or instrument, the terms conditions and provisions of this Agreement shall prevail.

Loan Processing. All loans are to be processed by a company approved contract processor. Originator is strictly prohibited from ordering/requesting/receiving loan verifications. Processors shall directly send, receive, and validate any and all loan verifications. Failure to follow these policies may result in forfeiture of compensation on closed and funded transactions. Expenses: Expenses include but are not limited to the company transaction fee, correspondent admin. fee, processing fees, credit report fees, courier and delivery fees, automated underwriting fees, software and website expenses, and any other expenses not paid from the proceeds of a closed and funded loan transaction. Loan expenses also include those paid by Innovative Mortgage Services, Inc. on behalf of the Independent Contract Loan Originator. All business related expenses shall be the responsibility of the loan originator. Loan originator is responsible for supplying their work space, hardware, software, professional tools, equipment, materials and supplies, and all other business related expenses as necessary. Loan originator may originate loans ‘virtually’ utilizing technology including email, internet, telephone/VOIP, courier and fax as necessary. Due to state and federal compliance regulations, originator must subscribe to a compliant origination software and may elect to use the company’s origination platform at a group discount. Originator is also responsible for business related expenses such as credit reports, automated underwriting, and verifications. Company does not insure originator to travel. State and federal laws and regulations prohibit originator from meeting prospective clients and borrowers at any location other than a company licensed location or public location (i.e. public library, restaurant or coffee shop). Innovative does not require independent contract originator to travel, set a work schedule, or to set or achieve any production and or sales goals. Originator is free to determine the means and manner necessary to accomplish their desired levels of productivity. Independent contractor is responsible for maintaining all necessary and proper insurance coverage for their desired modus operandi. Entire Agreement: This Agreement and any other agreement, document or instrument attached hereto or referred to herein, contain the entire Agreement between the parties and supersede all prior agreements and understandings with respect to the subject matter hereof. In the event of any conf...

Loan Processing means requesting, collecting, receiving, or reviewing a loan application’s supporting documents for use in underwriting, and communicating with the consumer to obtain information necessary for making a credit decision.

Loan Processing. All loans are to be processed by a company approved contract processor. Originator is strictly prohibited from ordering/requesting/receiving loan verifications. Processors shall directly send, receive, and validate any and all loan verifications. Failure to follow these policies may result in forfeiture of compensation on closed and funded transactions. Expenses: Expenses include but are not limited to the company transaction fee, processing fees, credit report fees, courier and delivery fees, automated underwriting fees, software and website expenses, and any other expenses not paid from the proceeds of a closed and funded loan transaction. Loan expenses also include those paid by Innovative Mortgage Services, Inc. on behalf of the Independent Contract Loan Originator. All business related expenses shall be the responsibility of the loan originator. Loan originator is responsible for supplying their work space, hardware, software, professional tools, equipment, materials and supplies, and all other business related expenses as necessary. Loan originator may originate loans ‘virtually’ utilizing technology including email, internet, telephone/VOIP, courier and fax as necessary. Due to state and federal compliance regulations, originator must subscribe to compliant origination software and may elect to use the company retained origination platform at a group discount. Originator is also responsible for business related expenses such as credit reports, automated underwriting, and verifications.