Loan processing definition

Loan processing means obtaining a loan application’s supporting documents for use in underwriting.
Loan processing means any of a series of acts or functions including the
Loan processing. "Processes" shall mean, with respect to a loan, any of a series of

Examples of Loan processing in a sentence

  • Surge Issues and Loan Processing TimesHistorically, the majority (80%) of SBA disaster loans have been for individuals and households.

  • Check with the local SBA field office, the Standard 7(a) Loan Guaranty Processing Center (LGPC) or the Sacramento Loan Processing Center (SLPC) to see if these programs have been funded and are available.

  • A request for an exception to policy must be submitted to the Loan Guaranty Processing Center (LGPC) for 7(a) applications, including EWCP, ITL and Export Express loan applications, and to the Sacramento Loan Processing Center (SLPC) for 504 applications.

  • U.S. Government Accountability Office, Disaster Loan Processing Was Timelier, but Planning Improvements and Pilot Program Evaluation Needed, GAO-20-369, March 9, 2020, https://www.gao.gov/products/GAO-20-168.

  • The PCLP Loan Processing Center will review these documents to determine whether the PCLP CDC has identified any prob- lems with the PCLP Loan approval, and whether SBA funds are available for the PCLP Loan.

  • U.S. Government Accountability Office, Disaster Loan Processing Was Timelier, but Planning Improvements and Pilot Program Evaluation Needed, GAO-20-369, March 9, 2020, at https://www.gao.gov/products/GAO-20-168.

  • The D/OCRM (either directly or through the Lender Transaction Team (LTT), Sacramento Loan Processing Center (SLPC)) and the D/FA will provide a recommendation prior to the approval of delegated lender authority by the appropriate SBA official.

  • An SBA lender (or field office on behalf of an SBA lender) may send a request to participate in writing to the Lender Transaction Team, Sacramento Loan Processing Center 6501 Sylvan Road, Citrus Heights, CA 95610 or fax a request to (916) 735-0643 with an information copy to its Lead SBA Office.

  • A PCLP CDC must notify SBA of its ap- proval of a 504 loan by submitting to SBA’s PCLP Loan Processing Center all documentation required by SBA, in- cluding SBA’s PCLP eligibility check- list, signed by an authorized represent- ative of the PCLP CDC.

  • See U.S. Department of Veterans Affairs, M26-1 Guaranteed Loan Processing Manual, pp.


More Definitions of Loan processing

Loan processing means a series of acts or functions including the preparation
Loan processing means any of a series of acts or functions including the preparation of a loan application and supporting documents performed by a person which leads to or results in the acceptance, approval, denial, and/or withdrawal of a loan application, including, without limitation, the rendering of services including loan underwriting, taking or receiving loan applications, obtaining verifications, credit reports or appraisals, communicating with the applicant and/or the lender or loan broker, and/or other loan processing and origination services for consideration by a lender or loan broker. Loan processing does not include the following:

Related to Loan processing

  • Processing facility means an establishment that prepares, treats, or converts tangible personal property into finished goods or another form of tangible personal property. The term includes a business engaged in processing agricultural, aquacultural, or maricultural products and specifically includes meat, poultry, and any other variety of food processing operations. It does not include an establishment in which retail sales of tangible personal property are made to retail customers.

  • Cannabis processing facility means a person that:

  • secondary processing means concentration or other beneficiation of iron ore other than by crushing or screening and includes thermal electrostatic magnetic and gravity processing and agglomeration, pelletization or comparable changes in the physical character of iron ore;

  • Centralized prescription processing means the processing by a pharmacy of a request from another pharmacy to fill or refill a prescription drug order or to perform processing functions such as dispensing, drug utilization review, claims adjudication, refill authorizations, and therapeutic interventions.

  • Marijuana processor means a person who processes marijuana items in this state.

  • processing aid means any substance not consumed as a food ingredient by itself, intentionally used in the processing of raw materials, foods or their ingredients, to fulfil a certain technological purpose during treatment or processing and which may result in the unintentional but technically unavoidable presence of residues of the substance or its derivatives in the final product, provided that these residues do not present any health risk and do not have any technological effect on the finished product;

  • Processing Center means a legal entity or its department that supports the informational and technological interaction between payment participants.

  • Processing means any operation or set of operations which is performed on personal data or on sets of personal data, whether or not by automated means, such as collection, recording, organisation, structuring, storage, adaptation or alteration, retrieval, consultation, use, disclosure by transmission, dissemination or otherwise making available, alignment or combination, restriction, erasure or destruction;

  • reprocessing means the process carried out on a used device in order to allow its safe reuse including cleaning, disinfection, sterilisation and related procedures, as well as testing and restoration of the technical and functional safety of the used device;

  • Processing Date means the day on which the first step of physical Processing is scheduled to occur, as identified in an Acknowledgement.

  • Data Processing shall have the same meaning as set out in the DPA.

  • Loan Program means the State Treasurer’s Interest-Free Loan Program for Colorado School Districts authorized pursuant to the Loan Program Statutes.

  • Facility means the entire operation located on the property where the Equipment is located;

  • Food processing plant means a commercial operation that manufactures, packages, labels or stores food for human consumption and does not provide food directly to a consumer. “Food processing plant” does not include any of the following:

  • Data Processing Agreement means the data processing agreement located at xxx.xxxxxx.xxx/[countrycode]/legal/dpa, where “[countrycode]” means the two-letter abbreviation for the country where your Stripe Account is located.

  • Recycling Facility means equipment used by a trade or business solely for recycling:

  • Dosimetry processor means an individual or an organization that processes and evaluates individual monitoring devices in order to determine the radiation dose delivered to the monitoring devices.

  • Information processing system means an electronic system for creating, generating, sending, receiving, storing, displaying, or processing information.

  • Infrastructure facility means a building; structure; or networks of buildings, structures, pipes, controls, and equipment, or portion thereof, that provide transportation, utilities, public education, or public safety services. Included are government office buildings; public schools; courthouses; jails; prisons; water treatment plants, distribution systems, and pumping stations; wastewater treatment plants, collection systems, and pumping stations; solid waste disposal plants, incinerators, landfills, and related facilities; public roads and streets; highways; public parking facilities; public transportation systems, terminals, and rolling stock; rail, air, and water port structures, terminals, and equipment.