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2. Credit scorecards - Wikipedia

   en.wikipedia.org/wiki/Credit_scorecards

   Application Scorecard - This is used when a customer applies for a new loan. This type of scorecard predicts if a customer will default on the loan. Here the type of data that is used mainly comes from historical loan applications and if the customer has any existing loan then that data is extracted from one of the credit bureaus.

3. Loan origination - Wikipedia

   en.wikipedia.org/wiki/Loan_origination

   Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.

4. Good faith estimate - Wikipedia

   en.wikipedia.org/wiki/Good_faith_estimate

   This is the charge for processing the loan – collecting the buyer's application, running credit, collecting pay stubs, bank statements, ordering appraisal, title, etc. This is often referred to as a "junk fee" and does not need to be included. 811 - Underwriting Fee; This is the cost of the loan underwriter (approver).

5. How many mortgage lenders should I apply to? - AOL

   www.aol.com/finance/many-mortgage-lenders-apply...

   Some mortgage lenders charge an application fee when you apply for a loan, which can run up to several hundred dollars and is usually non-refundable. If your goal in applying for multiple ...

6. What to do when your mortgage application gets denied - AOL

   www.aol.com/finance/mortgage-application-gets...

   In Q3 2023, just over 12% of mortgage applications (both conventional and government-backed loans) were denied, according to Home Mortgage Disclosure Act data. Credit issues, changes in employment ...

7. Loan agreement - Wikipedia

   en.wikipedia.org/wiki/Loan_agreement

   A loan agreement (also known as a lending agreement [1]) is a contract between a borrower and a lender which regulates the mutual promises made by each party.