LibertyPointe of New York advertises that its loan officers will travel to see small-business borrowers.
Better to put their loan officers to work cleaning up those bad mortgage loans already on the books.
The CFPB is concerned that some loan officers may be promoting fixed-rate, lump-sum reverse mortgages over adjustable-rate loans.
WSJ: Rethinking Reverse Mortgages, Part 2: Pitfalls and Dangers
They tapped into a nationwide pool of loan officers to work in local markets and increase their reach.
FORBES: Question: How Many Obstacles Must You Overcome To Succeed? Answer: ALL Of Them!
The Labor Dept. has also argued in favor of overtime for mortgage-loan officers, another popular target for class-action lawyers.
Unfortunately, the researchers found that a deferral in compensation led to lazier application screening by the participating loan officers.
Spreadsheets can be readily customized by loan officers and other commercial bank users without additional assistance from IT personnel.
FORBES: For Banks, There Are Risks In Using Excel For Underwriting
There is July's inflation report, and data on retail sales, industrial production and the views of America's senior loan officers.
Microloan Foundation provides its local loan officers with motor bikes so they can reach villages only accessible by dirt roads.
The latest Fed survey of bank loan officers, in July, showed them continuing to tighten underwriting standards across all categories.
When loan officers present loans as clean and bright and shiny as possible, there is a higher probability of approval.
Gleacher and Hambro Magan, for instance, could call on NatWest loan officers to help finance acquisitions made by their investment-banking clients.
Among those charged this afternoon in New York are seven mortgage brokers, three real estate agents, three lawyers and two loan officers.
FORBES: Feds In Big Push Against Reputed Mortgage Scammers In NYC Area
Loan files are created by loan officers and loan officers are salespeople.
Those who have been trusted banking customers could be shunned by their long-standing loan officers, regardless of the strength of their business plan.
FORBES: How The Fed's Rules On Bank Capital Will Derail A Small Business Recovery
Unlike instant approval credit cards, secured credit cards require additional scrutiny by loan officers and can take up to four weeks for approval.
Bank loan officers must feel like Marriner Eccles, the Depression-era Federal Reserve chairman who famously equated the Fed's stimulus efforts with pushing on a string.
The researchers then recruited 209 experienced loan officers from several leading private and public-sector Indian commercial banks to participate in up to 15 loan assessment sessions.
The chart at right shows the percentage of loan officers who say they are tightening credit minus the percentage who say they are easing credit.
As a result, Americans increasingly are becoming their own bank tellers, loan officers, insurance adjusters, checkout clerks, restaurant order takers, citrus-crop inspectors and mall concierges.
The study tries to sort out the causality by using the Federal Reserve's survey of loan officers as a proxy for the supply of credit.
It also could help stem the tide of wage-and-hour cases that have seen courts award overtime to such traditionally exempt employees as stockbrokers and loan officers.
FORBES: Supreme Court Rejects Labor Dept. View On Sales-Rep Overtime
Signature Bank ( SBNY - news - people ) in New York City as the institution hired away experienced commercial loan officers from other banks.
Providential Bancorp, headquartered in Chicago, is a thriving mortgage company employing 80 loan officers in nine states, that will soon be expanding their coverage to all 50 states.
FORBES: Question: How Many Obstacles Must You Overcome To Succeed? Answer: ALL Of Them!
Mortgage pre-approvals are done by loan officers, not by underwriters.
To reach Luis and Pepe Banco Azteca employs a fleet of 4, 000 loan officers who hop on motorcycles to crisscross the poorest neighborhoods of Mexico's crowded cities and backwater towns.
But even if a liquid market in such securities could be created, it would still rely on banks with experienced loan officers to assess the credit risk of small firms.
ECONOMIST: Growing firms need to look beyond the big banks for credit
Banks do not have many qualified loan officers, lawyers have little experience of commercial disputes, and the National Assembly is having to grapple with the wholly unfamiliar notion of competition policy.
The latest survey of loan officers conducted by the Fed suggested on May 5th that 60% of banks tightened their lending standards for prime mortgages in the first three months of 2007.
The Labor Dept. has changed its approach toward loan officers, for example, and also tightened its interpretation of the rules for how much individual discretion an employee has to have to fall under the administrative exemption.
FORBES: Supreme Court Rejects Labor Dept. View On Sales-Rep Overtime
应用推荐