Loan Application

Business / Real Estate / Loan Application: A lenders initial sourse of information on a borrower/applicant and the collateral involved, stipulates the amount of money requested and repayment terms.

Other Words for Application

Application Noun Synonyms: use, employment, utilization, practice, operation
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Other Words for Loan

Loan Verb Synonyms: advance, allowance, credit, accommodation
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Computerized Loan Origination (CLO) System

Business / Real Estate / Computerized Loan Origination (CLO) System: An electronic network for handling loan applications through remote computer terminals linked to various lenders computers. MORE

Application Fee

Business / Loan / Application Fee: A fee charged by the lender or broker for the loan application. MORE

Uniform Residential Loan Application

Business / Real Estate / Uniform Residential Loan Application: A loan application form required by Freddie Mac and Fannie Mae. MORE

Open-End Loan

Business / Loan / Open-End Loan: A loan that permits the borrower to draw money from time to time up to a credit limit. A home equity line of credit (HELOC) is an open-end loan secured by a home. MORE

Package Loan

Business / Real Estate / Package Loan: A real estate loan used to finance the purchase of both real property and personal property, such as in the purchase of a new home that includes carpeting, window coverings and major appliances. MORE

Parallel Loan

Business / Finance / Parallel Loan: A process whereby two companies in different countries borrow each other's currency for a specific period of time, and repay the other's currency at an agreed maturity for the purpose of reducing fore MORE

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