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7602003402 www.donnashi.com Underwriting, Internal Procedures, QC Plans for LendersWhen a loan is approved through an Automated Underwriting System (AUS), requirements provided from the system must
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A loan is when one party lends money or assets to another party, with the expectation that the money or assets will be repaid with interest.
The lender and borrower are required to file documentation when a loan is initiated.
To fill out a loan agreement, both parties must provide all necessary information about the terms of the loan, repayment schedule, interest rate, and any collateral.
The purpose of a loan is to provide financial assistance to individuals or businesses who need additional funds for various purposes.
Information such as loan amount, interest rate, repayment schedule, and any collateral must be reported when a loan is initiated.
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