Category:Loan Core

From Open Risk Manual

This category defines the fundamental concepts for loans, with emphasis on mortgages. The loan contract is the core concept. It includes includes the primary obligations to fund the loan and to pay it back according to payment schedules. The contract is also connected to various parties including borrower, lender, and originator. Kinds of loans covered in this category include open and closed end, secured and mortgages. Another major thread of the loan core category is credit risk assessment, which includes property appraisals, security agreements, pre-approvals, credit scores and credit reports.