loan correspondent

Definition

Person who negotiates loans for conventional lending institutions or other lenders. Correspondents often service the loan for the lender and act as the collecting agents.

Use loan correspondent in a sentence

You should try and have a good relationship with a loan correspondent that may be able to help you out.

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He was a loan correspondent and he knew a lot of things about the company that none of us knew at all and it was strange.

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His primary role was that of a loan correspondent. He negotiated deals with lenders and got the best deal for his clients and the banks.

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loan constant correspondency system