Maybe the loan officer has an annual lunch or dinner with the chief financial officer.
She says the loan officer told her those were standard fees in the industry, which she knew wasn't true.
Conrad said he paid the same rate that the loan officer proposed.
Mr. RUSSUM: Let's say the borrower said to the loan officer, the account executive, I don't like the fact that this is only fixed for two years.
If you, as an individual, entered your local bank and asked for a loan with a similar debt-to-income ratio, what do you think the loan officer would say?
The loan officer has to anticipate what will be required to support the information used for approval, secure it, update it, and submit it confidently for underwriter review.
An appraisal that results in a value that is less than the contract purchase price can potentially mean all kinds of woe for the loan officer (me) and the real estate agent.
The quality of the loan approval is wholly dependent on the integrity of the information provided by the borrowers, filtered by the loan officer and used to construct the original electronic loan approval.
Actually, lenders could care less what the property appraises for, it is the loan officer (me) and the real estate agent, Larry who care (a great deal) what the value result is from the appraisal.
This makes sellers unhappy, and unhappy sellers tend to share their unhappiness with the real estate agent, who in turn question the competency of the appraiser and by association, the competency of the loan officer (me).
Evidence also came to light that Steve Spinner, another Obama fundraiser who worked in the Department of Energy loan department that approved the Solyndra deal actively pushed the chief loan officer to expedite action.
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She says the Countrywide loan officer's answer to that was to have her lie about her income.
For example, in the latest Senior Loan Officer Opinion Survey conducted by the Federal Reserve, banks reported having further tightened their lending standards and terms for a broad range of loan types over the past three months.
That system included the likelihood the person would repay or default on a loan based on statistics rather than the judgment of a loan officer or individual lender.
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After the meeting a loan officer called MCI's switchboard to make sure Pavlo worked there, according to court documents.
Mr Ayres predicts that automated decision-making will soon see other professional jobs going the same way as that of the bank-loan officer, once well-paid and responsible and now a mere call-centre operative, paid peanuts to parrot the words a computer prompts.
Strikingly, the Fed's loan-officer survey showed that 70% of respondents expect the quality of their credit-card and other consumer-loan portfolios to get worse.
He or she would visit their local bank, sit across the desk from a loan officer, and cross their fingers.
All the business owner has to do is appear viable, non-threatening and reasonable, and the credit officer will be ready to move the loan forward out of pure relief.
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The first thing you need to do is talk to your loan officer and accountant to determine your total interest cost, net of the tax benefit, which will tell you how much your investment portfolio needs to earn in order to pay off the interest-rate charges of your mortgage.
Crystallex is the brainchild of Marc Oppenheimer, a former loan officer at Chase Manhattan bank who has roots in Leonia, N.
In its most recent senior loan officer survey in July, the Fed found that 60% of commercial banks tightened lending standards to large- and middle-market firms, and 65% had tightened lending standards for loans to small companies.
In 1986 my friend Tony Perkins, a young loan officer at Silicon Valley Bank (and no relation to the deceased actor or to Tom Perkins, the venture capitalist), got a call to pick up William F.
In 1992, I was a Loan Officer with Paine Webber Mortgage in Cranford, New Jersey and the great Chris Puorro (legendary mortgage management tough guy), was my sales manager.
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It also says the three ignored the warnings of a company risk officer that the underwriting practices and marketing strategy of matching competitors' offers to subprime and option loan borrowers was substantially increasing risk in the portfolios.
Mrs O'Loan has recommended a senior officer from an outside police force be asked to conduct an investigation into the bombing.
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