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  2. Loan agreement - Wikipedia

    en.wikipedia.org/wiki/Loan_agreement

    Categorizing loan agreements by type of facility usually results in two primary categories: term loans, which are repaid in set installments over the term, or; revolving loans (or overdrafts) where up to a maximum amount can be withdrawn at any time, and interest is paid from month to month on the drawn amount.

  3. Exposure at default - Wikipedia

    en.wikipedia.org/wiki/Exposure_at_default

    Based on Basel Guidelines, EAD for commitments measures the amount of the facility that is likely to be drawn further if a default occurs. [3] Two popular terms used to express the percentage of the undrawn commitment that will be drawn and outstanding at default (in case of a default) are Conversion Factor (CF) [ 4 ] and Loan Equivalent (LEQ).

  4. Non-bank financial institution - Wikipedia

    en.wikipedia.org/wiki/Non-bank_financial_institution

    Non-bank financial companies (NBFCs) offer most sorts of banking services, such as loans and credit facilities, private education funding, retirement planning, trading in money markets, underwriting stocks and shares, TFCs(Term Finance Certificate) and other obligations.

  5. Line of credit - Wikipedia

    en.wikipedia.org/wiki/Line_of_credit

    A line of credit is a credit facility extended by a bank or other financial institution to a government, business or individual customer that enables the customer to draw on the facility when the customer needs funds. A financial institution makes available an amount of credit to a business or consumer during a specified period of time.

  6. Unfunded loan commitments - Wikipedia

    en.wikipedia.org/wiki/Unfunded_loan_commitments

    Any principal reductions received during the loan period are not available to be drawn on, but rather have paid down the loan balance. Revolving or Open End: This type of loan (known informally as a Line of credit) allows the borrower to continue to borrow up to the original loan amount. Principal reductions are immediately available for future ...

  7. Mortgage loan originators: What are they and what do ... - AOL

    www.aol.com/finance/mortgage-loan-originators...

    What’s the difference between a mortgage banker and a mortgage loan officer? A mortgage loan officer isn’t always the same as a mortgage banker (though they work for one).

  8. Warehouse line of credit - Wikipedia

    en.wikipedia.org/wiki/Warehouse_line_of_credit

    The difference is related to when the loan originator gets his funds with respect to the time at which the real estate transaction takes place. During 'wet funding' the mortgage loan provider gets the funds at the same time as the loan is closed, i.e. before the loan documentation is sent to the warehouse credit provider.

  9. Mortgage lender vs. servicer: What’s the difference? - AOL

    www.aol.com/finance/mortgage-lender-vs-servicer...

    It’s pretty common for your lender to hand over your loan to a mortgage loan servicer after closing. The difference between mortgage lenders and mortgage servicers Key terms.