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Life of the loan

Question: 
What does the phrase “life of the loan” refer to?
Answer: 

Terminology varies among bankers, but the “life of the loan” generally includes the time period from a loan’s application through payoff. Some loans span years or decades, while others involve much less time.

Read about the life of the loan.

Vendor: 

Alogent provides proven, end-to-end check payment processing, digital, online, and mobile banking, and enterprise content and information management platforms to financial institutions. Our unique approach spans the complete transaction ecosystem —capturing and digitizing transaction data, exception tracking, and automating entire transaction and loan management workflows so that information is available across the enterprise.
www.alogent.com

marketing@alogent.com
+1-678-966-0844

First published on 12/15/2024

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