10 Questions
The Offering Module in LOS allows the Branch Operations / Sales Team to contact the applicant, intimate loan sanction, and proceed to the next steps.
True
Offsite Monitoring reviews cases to ensure compliance with all terms and conditions at various stages.
True
For loans secured by immoveable property, the charge on security should be created in favor of the borrower before disbursing the loan amount.
False
Loan sanction intimation is provided to the bank before the loan documents execution is completed by the borrower.
False
Loan officers evaluate applicants' creditworthiness and recommend loan approval or denial.
True
CIBIL validation fee is an example of a fee collected from borrowers as part of the loan processing.
True
Loan Amount is only disbursed through credit to CASA account.
False
Housing / Mortgage loans always take less time for legal compliance fulfillments compared to Business loans.
False
Yethi - Internal 14 LOS Stages focus on Loan Disbursal.
False
Loan officers are not responsible for processing loan applications.
False
Learn about the process of applying for a loan, from submission to financing or rejection, with a focus on Loan Origination Systems (LOS) used by banks. Understand how LOS can save time, improve operational efficiencies, and standardize loan processing activities.
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