In the complaints and lawsuits, Polo is accused of pocketing customers' loan
money, conning elderly homeowners out of their property through complex reverse mortgages, forging documents to secure bank loans and forcing borrowers who canceled their loans to pay thousands of dollars in hidden termination fees.
If we can't process customers' loan
applications, that's a big, costly problem," says Countrywide's vice president of branch standards, John Evans.
The head office will oversee local branches to determine whether to grant corporate customers' loan
requests, it said.
Tomlinson said that he expects Mark IV to allow the bank's lenders and loan document personnel to achieve underwriting consistency across all locations and improve efficiency throughout the loan process, enabling the bank to respond more rapidly to customers' loan
The Company's products and services include flood zone determination services, real estate tax data management services, computerized tracking of insurance for leased collateral and mortgages, and outsourcing services for certain tasks related to customers' loan
or lease portfolios.
Caspersen, chairman and chief executive officer, said, "We are extremely encouraged by the broad-based strength of our customers' loan
9 per cent (+$922 million) to $16,637 million, and customers' loans
were up 4.
The bank also claimed it provided almost half of the country's mortgages and approved 70% of customers' loans
The bank said that it has launched a new mortgage software platform that makes it easier for loan officers to instantaneously view and manage customers' loans
The police allege he illegally collected money by swindling the bank in similar schemes and embezzling Sanwa customers' loans
from November 1994 to January this year.
However, banks have cautioned that these figures do not reflect new net lending, but reflect restructuring and refinancing of existing customers' loans
Some lenders are even sneakily adding protection policies to customers' loans
without asking if they want it.