Emma conveys all the information to the consumer in a very decent manner. She makes sure that the consumer understand his rights and responsibilities towards the loan.
Emma is entitled to question the applicant if she feels that any information is missing. In case the applicant has applied for a secured loan, she estimates the value of the asset that has been pledged. The loan processor would also check the value of the item that the applicant wishes to buy. After everything has been verified the loan application is sent for credit verification to the credit analyst. The credit analysts are free to question the applicant whenever they want regarding the credit report. Later Emma can calculate the payment schedule again based on the new information given by the applicant. Emma would finally get all the paperwork completed by the applicant. She will explains the details of the loan to the applicant with all the terms and conditions.
She clarifies any doubt that the client has. Right from starting to explain the loan costs to the terms and the monthly payments the loan processor takes the responsibility of being at the service of the customer. It is very important that the applicant understands the cost of the loan and how much will he be liable to pay towards the loan every month.
E-mail: Emmag@priorityfinancial.net