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.
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Pre-Qualification

Same as Qualification.
The Mortgage Encyclopedia. Copyright © 2004 by Jack Guttentag. Used with permission of The McGraw-Hill Companies, Inc.
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Management is preparing to kick out a number of employees who colluded with firms to pre-qualify them.
Just a simple three step process where we pre-qualify clients online in minutes, then funding specialists reviews the results with them and provides a Good Faith Estimate and finishes the application to submit to funding.
As a sales manager (some call our breed "field reps") who has observed hundreds of agents over the years, I find it disheartening that many agents don't have a consistent plan to help them pre-qualify their opportunities.
But at the beginning of the 2006-07 season, a new one-year tournament will be staged by UEFA, which Wales may have to pre-qualify for.
TELECOMWORLDWIRE-21 January 2005-Thirteen pre-qualify for Turk Telecom sale(C)1994-2005 M2 COMMUNICATIONS LTD http://www.m2.com
3Com, Creative Labs, and similar companies with strong aftermarket brand recognition will have an advantage at this stage of the market; however, in order for an end user to purchase an ADSL modem, he or she must still be able to pre-qualify for service.
"(The client) didn't know how to pre-qualify the proper candidate for that position so, in effect, it actually, cost that company a great deal of money.
Lenders offer to pre-qualify buyers, which has some distinct advantages.