Pre-Qualification


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Prequalification

The act or process of determining the approximate amount a borrower will be able to borrow before he/she actually applies for a loan. Prequalification looks at the borrower's current income and debt to make this determination. Prequalification is most common with mortgages. Because the borrower has not applied for the loan, it is not a guarantee of approval, but is rather an estimation. See also: Pre-approval.

Pre-Qualification

Same as Qualification.
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LoanMe's pre-qualification process frees the applicant to search for the loan that's best for them -- without the worry of their credit score being affected.
After the results of the first stage are announced, the second pre-qualification stage will concern the evidence of formation of the proposed joint ventures/consortia.
An easy and obvious way is through removing wasteful and time-consuming pre-qualification processes.
The GQ Pricing and Pre-qualification engine provides a user-friendly and simple way for brokers to quickly pre-qualify and price loans for potential borrowers, further boosting their efficiency and productivity.
Interested contractors who wish to be considered for inclusion in KOC's approved list of contractors are requested to download the pre-qualification documents from KOC website: http://www.
It means that in addition to meeting the needs of contractors, our pre-qualification application also meets the needs of the very largest owners; Regency Centers is one of the largest retail real estate developers in the US.
Pre-qualification will be conducted through 'pre-qualification procedures.
McShane exemplifies best practices in subcontractor pre-qualification and has updated their subcontractor portal on their corporate web site to educate subcontractors on the use and the benefits of Textura-PQM.
The suite includes intelligent lead distribution and management, pricing and pre-qualifications, application processing, credit management, automated underwriting and fulfillment.
After identifying prospective contractors, we begin the pre-qualification process by conducting personal interviews.
It is DNR's intent to use the pre-qualification submissions to identify a short list of qualified developers.