Loan origination — is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application through disbursal of funds (or declining the application). Loan… … Wikipedia
Loan modification in the United States — Loan modification, the systematic alteration of contactual mortgage loan agreements, has been practiced in the United States since the 1930s. During the Great Depression loan modification programs took place at the state level in an effort to… … Wikipedia
fee — n [Middle English, fief, from Old French fé fief, ultimately from a Germanic word akin to Old High German fehu cattle] 1: an inheritable freehold estate in real property; esp: fee simple compare leasehold; life estate at estate … Law dictionary
fee letter — England, Wales A letter setting out the amounts and terms of certain fees payable by a borrower under a syndicated facility agreement … Law dictionary
Loan servicing — is the process by which a mortgage bank or subservicing firm collects the timely payment of interest and principal from borrowers. The level of service varies depending on the type of loan and the terms negotiated between the firm and the… … Wikipedia
loan broker — UK US noun [C] ► FINANCE a person or a company that arranges loans for people or organizations for a fee … Financial and business terms
fee — A fixed amount or a percentage of an underwriting or principal. Bloomberg Financial Dictionary * * * fee fee [fiː] noun 1. [countable] COMMERCE an amount of money paid to a professional person or organization for their services: • If you want… … Financial and business terms
Loan Application Fee — A fee charged to process an application for a loan, such as a home mortgage from a lender or mortgage broker. Loan application fees are charged to cover some of the costs involved in processing the application including credit checks, property… … Investment dictionary
Fee — For other uses see Fee (disambiguation) A fee is the price one pays as remuneration for services. Fees usually allow for overhead, wages, costs, and markup. Traditionally, professionals in Great Britain received a fee in contradistinction to a… … Wikipedia
Loan (football) — In football (soccer), a loan involves a particular player being allowed to temporarily play for a club other than the one he is currently contracted to. Loan deals may last from a few weeks to all season long.Players may be loaned out to other… … Wikipedia
Loan servicer — A loan servicer is a public or private entity that handles the following tasks: * Collecting, monitoring and reporting loan payments * Handling property tax * Handling insurance escrows * Foreclosing defaulted loans * Handling late payments and… … Wikipedia