Conservation areas exist to protect the special architectural and historic interest of a place-in other words the features that make it unique and distinctive. This page explains what it means to own a building in a conservation area.
BREAKING DOWN 'Warehouse Lending'. Loan originators depend on the eventual sale of a loan to repay the warehouse lender; therefore, warehouse lenders closely monitor each loan's progression with the originator toward its eventual sale.
Iâve covered the mortgage underwriterâs role, so letâs take a look at what âloan processorsâ do. Once a loan is originated by the mortgage broker or loan officer, the corresponding paperwork is sent along to a loan processor.The loan processor is responsible for prepping and organizing the file and getting it over to the bank or mortgage lender for approval.nce a loan is originated by the mortgage broker or loan officer, the corresponding paperwork is sent along to a loan processor. The loan processor is responsible for prepping and organizing the file and getting it over to the bank or mortgage lender for approval.