What's needed for home Loan Approval

Brief instructions on how to grant a loan

Loan writing is the procedure by which we commit to analyze all information provided by each loan claimant and its loan record to determine whether or not that claimant fulfills our MCRs. Within this framework, all information is validated, analyzed and summarized to create a true image of each candidate.

Each case is reviewed by our seasoned professionals to evaluate the probability that the borrower will make the necessary payment on the basis of both the loan's present level of affordable value and its past financing history. The approval procedure for many private customer financing transactions is automatic and timely. If, however, we cannot make an immediate determination, your request will be returned to an employee for further investigation.

It starts with the explanations on the claim document. Loan Finder shows your paying behavior as it has been notified by other creditors and checks whether you have had a negative loan in the past. Delayed repayments are even notified via a loan hunt and can have a negative impact on your request. Lending Works uses a riskmodel to calculate the cost of a loan for each claimant.

We also look at several different keys - for example, if you own your own home, our own experiences show that the credit exposure is lower and therefore the annual percentage rate of charge we provide is likely to be lower. Every credit request is painstakingly signed by our expert staff.

When we cannot prove that you are eligible or that the loan is available, we cannot approve the loan request. You will also be asked to include information that was not available at the date of your first registration, which may be helpful. The Lending Works company is very serious about taking money cheating seriously.

During the whole course of the endorsement procedure, we check everything to make sure that all information is truthful and correct and reflects the individual facts of the person submitting the endorsement. When we find something we find unreasonable or intentionally deceptive, we will make a corresponding statement.