Loan policy exceptions are exceptions that are made to a financial institution’s loan policy, which defines how and to whom the bank or credit union lends. Loan policy exceptions occur when a financial institution decides to take actions that fall outside of its standard lending practices.
Loan portfolio metrics are data points used to determine the distribution of a financial institution’s loan types and the degree of risk associated with each loan.
A loan producer is a bank employee who is responsible for inputting all necessary data and generating loan documents once a lender receives loan approval.
A loan review is conducted on commercial loan files, either internally by bank staff or by hired third-party auditors.
A loan servicing specialist manages elements of consumer or commercial loans from the time immediately after consummation through pay-off.
Loan tickler software is used to track customer and account documentation, trailing items, and ongoing due diligence.
Victims of lottery check scams receive checks for their winnings, but they are instructed they must return some of the funds for fees and taxes.