Loan production office definition

Loan production office means an office of the savings bank at which only activities related to money lending are conducted, which is not the principal office or a branch or an agency office or an office of an affiliated depository institution.

Loan production office means an office of a depository institution or institutions at which activities related to the lending of money are conducted, deposits are not received, and checks are not paid, and which office is not the principal office, a branch, or an agency of an affiliated depository financial institution.

Loan production office means a staffed facility, other than a branch, that is open to the public and that provides lending-related services, such as loan information and applications.

Examples of Loan production office in a sentence

• Sound Community Bank is a Fannie Mae Approved Lender and Seller/Servicer with one Loan Production Office located in the Madison Park neighborhood of Seattle, Washington.

• That acquisition led to COMMUNITY establishing a Loan Production Office (LPO) in 1998 in Lancaster, Ohio.

• The Company also operates a Loan Production Office in Wheeling (Ohio County), WV.

• At any time prior to the Closing, Seller and Seller Bank shall be permitted to sell, assign, convey, transfer or dispose of, in the ordinary course of business those Previously Disclosed loans (including Previously Disclosed approved loans which subsequently close) of Seller Bank's New Jersey Loan Production Office for a cash purchase price for each applicable loan equal to its unpaid principal balance plus accrued interest.

• Examples of these costs may include but are not limited to Loan Production Office Management, special collections strategies, special marketing campaigns.

More Definitions of Loan production office

Loan production office means a physical location in this state at which representatives

Loan production office means an office of a state savings bank other than the principal or branch offices whose activities are limited to the generation of loans.

Loan production office means a physical location in this state at which representatives of a financial institution hold themselves out to the public as providing loan origination services, leasing services or services of a similar nature, but at which representatives of the financial institution do not conduct banking business.

Loan production office means a physical location in this state at which representatives of an insured institution or extranational institution hold themselves out to the public as providing loan origi- nation services, leasing services or services of a similar nature, but at which representatives of the insured institution or extranational institution do not conduct banking business.

Loan production office means a staffed facility, other than a branch, that provides

Loan production office means an office of a bank or out-of-state bank, other than a foreign bank, whose activities are limited to loan production and solicitation;

Loan production office means a place of business at which a savings bank provides lending if the loans are approved at the main office or detached facility of the savings bank, but at which a savings bank may not accept deposits except through a remote service unit.