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Bank > Assignment Of Savings Loan > Flashcards

Assignment Of Savings Loan Flashcards

1
Q

What are savings secured loans submitted through?

A

Loan Request Manager (LRMS)

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2
Q

What is the collateral on a Savings Secured Loan?

A

Savings Accounts —> generally a CD or Time Account

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3
Q

What is the minimum and maximum loan amount on a savings secured loan?

A

There isn’t a minimum or maximum

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4
Q

What is the maximum LTV on a savings secured loan?

A

100%

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5
Q

What are a few good reasons for a savings secured loan?

A

Build credit

Build credit handling skills and maturity

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Bank (28 decks)

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