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.
The loan processor also determines the requisite loan documents, such as financial statements, title reports and lease summaries. After the borrower submits these reports, the loan officer verifies the accuracy and completeness of the documents, which are then reviewed by various officials and committees in the bank before a decision is made.