What is a loan officer?
Todd M asked: On another posting someone told me that becoming “loan officer” is one direction I can advance in from a bank teller position? Could someone describe to me what this job is? Is it more helpful to have a finance or accounting degree for it? Is there anyway my knowledge of web design [...]
Find the indicated probability or percentage for the normality distributed variables?
kuku m asked: A bank loan officer rates applicants for credit. The ratings are normally distributed with mean of 200 and a Standard deviation of 50. If an applicants is randomly selected, find the probability of a rating that is between 200 and 275?
NEHEMIAH CORPORATION AND FHA( LOAN OFFICER)?
CONCERNED asked: I was pre-aproved by FHA AND NEHEMIAH PROGRAM which would help me with my closing cost and down payment.I was told to ask the seller for a 6% back and that would be for closing and down payment cost. my question is IF THE HOUSE IS SELLING FOR 176,500 from this amount the [...]
What are the steps required to buy a house from parents below (way below) market value of the house?
24K asked: I want to purchase my parents house from them, below the market price, any advice from lawyers, bank loan officers? Oh and what about closing cost fees?
Nosy loan officer?
jeffrey asked: Ok so I had my vehicle financed at a local bank in the city that I used to live in. I move last year and then a couple of weeks ago I wanted to refinance my truck in order to pay off some medical bills, so instead of going to the bank [...]
What happens at the end of a car loan?
K-Marie asked: My car loan ends very soon but with interest I know I will have extra to pay after the term has ended. I called to bank to speak to a loan officer, I was put on hold, and told the loan officer was out for the rest of the day.
Does the bank expect [...]
I am a loan officer in ohio and have an investor that has 61 mortgages reporting on his credit?
jason p asked: I need to find a lender that will take his deal with a no income no asset program or niva or bank statements. The borrower is a 733 credit score All in all i just need a lender that will not care about the 61 mortgages on his credit report. Most wont [...]
How Can I Stop Bank Foreclosure?
mageester asked:
This is a letter I wrote to my bank after hearing about a possible pending foreclosure. My loan is for $50,000 and I have an appraisal for $220,000. My credit has recently fallen to only fair and I do not think I can get another loan. Please let me know about anything I [...]
loan officer training?
mattm asked: I took a job as a loan officer 6 months ago and so far my training has told me to get questions from my clients and ask the boss. I don’t know anything about programs, property types, banks, anything really.
i know my job is more sales than service, but is this normal [...]
How to get a personal loan—need help?
marigold asked:
I’m only in my mid 20s but am in debt up to my eyeballs. In all honesty, if I had $5000 I’d be able to pay off everything except for my student loans. I have bad credit but have a steady, well paying job. I’ve recently paid off all of my medical bills and [...]