What is loan processing?

Answer To get a loan, you must apply with a lending institution and it must process your application. Loan processing is verifying all the information on your credit application to see if you qualify for ... Read More »

Top Q&A For: What is loan processing

What is a loan processing underwriter?

Underwriting a loan is the process of determining the eligibility of a borrower for a loan. Simply put, a loan processing underwriter is the individual responsible for determining the risk involved... Read More »

What does processing (or processing unit) mean in computer terms?

Which loan is better: an auto loan or a signature loan?

On One Hand: Auto LoansWhen you are purchasing a car, you can use the car as collateral so that the loan becomes less risky for the lender, which means you get a lower interest rate. A lower intere... Read More »

How can I get rid of my private student loan and switch to a federal loan with a lower interest rate?

Call the US Department of Education because sometimes they will buy your loan off and then you can pay them instead. I have a student loan through the Dept. of Ed. and my interest is only 2%. Cal... Read More »