Approval

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Approval

An acceptance of an application. For example, an insurance company may give approval to an application for a policy, and a bank may do the same for a loan application.

Approval

Acceptance of the borrower's loan application.

Approval means that the borrower meets the lender's Qualification Requirements and also its Underwriting Requirements. In some cases, especially where approval is provided quickly as with Automated Underwriting systems, the approval may be conditional on further verification of information provided by the borrower.

References in periodicals archive ?

The Valencia-based company received an AS9100 certification, an industry stamp of approval.

STELLAR EARNS OK FOR PARTS AEROSPACE FIRM'S CHIPS CERTIFIED

For the first time, an earthquake forecast has been given an official stamp of approval.

Parkfield quake prediction certified

This is a stamp of approval from the academy that suggests that everyone should see it,'' Viane said.

OSCARS BOOST 'PIANIST', 'SPIRITED AWAY' TO WIDER RELEASE

We have worked hard to ensure that all our loans are of the highest quality, and we're pleased that Fannie Mac considers them deserving of their stamp of approval.

Daiwa, Fannie Mae create new multi-family financing conduit

Both Huizar and Tokofsky would like to see any upcoming retroactive contracts get audited before they receive the stamp of approval.

EDUCATION BOARD GIVES ULTIMATUM NO RETROACTIVE CONTRACTS, SCHOOL DISTRICT OFFICIALS TOLD

Gaining the association's stamp of approval is crucial to the zoo's ability to participate in animal conservation programs with other nationally recognized zoos.

ZOO WELCOMES ONCE-OVER TEAM VISITS TO ASSESS UPGRADES

Franzen, whose third novel, ``The Corrections,'' has emerged as the literary sensation of the fall season - it's received almost uniformly ecstatic reviews, many proclaiming it that ever-elusive ``great American novel,'' and has been nominated for the National Book Award - felt that Winfrey's stamp of approval compromised the book's literary integrity, and groused, however good-naturedly, about the Oprah insignia appearing on his book's cover.

LITERARY BREAK-OUT WITH HIS THIRD NOVEL, 'THE CORRECTIONS,' JONATHAN FRANZEN HAS REWRITTEN THE RULES