Wealth-based lending allows borrowing secured by assets such as stocks, bonds, or real estate, providing...
Vested interest in a loan is the lender's legal right to your collateral, like a car or home, until you...
A Verification of Rent (VOR) is a form lenders use to verify your rental payment history, proving your...
A Verification of Mortgage (VOM) is a document lenders use to confirm your mortgage payment history directly...
Verification of Income (VOI) is the process lenders use to confirm your stated earnings on loan applications,...
Verification of Employment (VOE) is a process where lenders or landlords confirm your job status and...
A Verification of Assets (VOA) is the lender's process to confirm the money you claim is available for...
A valuation date is the specific day used to determine the precise value of an asset or liability. It's...
Third-party origination involves mortgage brokers or correspondent lenders acting as intermediaries between...
A systematic loan review is a routine, unbiased evaluation banks use to monitor loan quality and credit...