Approval

(redirected from seal of approval)
Also found in: Dictionary, Thesaurus, Medical, Legal, Idioms, Encyclopedia, Wikipedia.

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 Seal of Approval Service Provider status is a signal to our customers that we care to use only the best cleaning products.
Jessy Crabb, general manager of Metra Home Theater Group, said,"We are excited to have the first 15 meter HDMI cables to receive the DPL Labs Seal of Approval for 4K and HDR.
The Mini and Youth Seal of Approval and the Sport England Clubmark accreditation scheme are based upon a three-year rolling award system, in which a club is assessed on its continuing ability to provide a safe and effective club environment.
Cox, who began his playing career with the north Worcestershire club, has now broken into the first-team squad at Sixways but he will be back at Woodrush's Forhill ground to present the Seal of Approval certificate.
Staff, coaches and children at Blaydon Rugby Club are celebrating achieving the Seal of Approval from the Rugby Football Union after two years of hard work.
Francis Baron awarded Sefton RFC a Seal of Approval Year 2 award - the third club to achieve one on Merseyside.
The issue about eucharistic inclusion should not be about rules well kept or beliefs that merit the magisterial seal of approval.
NEW YORK-FreshVac said its Whistle Vac line of vacuum-sealed food storage containers received the Cooking Club of America Kitchen Tested Seal of Approval from Cooking Pleasures magazine.
The Dalton, GA-based Carpet and Rug Institute (CRI) recently announced the first companies to earn certification for their carpet cleaning extractors under its new Seal of Approval program.
Recognizing that the best way to accomplish the goal of protecting and restoring the natural night environment and our heritage of dark skies is to couple education efforts with quality outdoor lighting, IDA has announced the Fixture Seal of Approval Program for Dark-Sky Friendly Fixtures.
The Boomophone Whack Pack has received numerous accolades, including the Parent's Choice Seal of Approval, The National Parenting Center Seal of Approval, Parenting Media Award and Creative Child Magazine's Top Creative Toys for 2004.
As part of the agreement, third-party certification teams perform on-the-ground inspections and periodic monitoring to insure the SFI seal of approval is never rubber stamped.