Topics CoveredCash Measures and AssessmentsCommercial Loan ProcessConsumer Loan Process In this...

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Topics CoveredCash Measures and AssessmentsCommercial Loan ProcessConsumer Loan Process     In this assignment, you will review an article of your choice related to this module’s readings.Use good research strategies to provide insightful information. Do not use long quotes to explain the topics!The article must be at least two (2) pages in length, excluding cover and reference pages.All articles should be less than 5 years old.All articles should be from well-known reputable news sources such as Forbes, Business Week, NY Times, etc.Submit your assignment as an MS Office Word document with 1 inch margins all around, double spaced, and 12 point Times New Roman font. Be sure to provide proper citation and reference information of the article you review as well as any additional sources using the correct APA format, and include a copy of your article with your review

Robert · Accepted Answer

Consumer Loan Process: An amount of money which is lent to individual for personal, house 
hold or family need purpose. It can be lent on no secured basis. These loans are monitored by 
government agencies. Consumer loan includes personal loan, vehicle loan, student loan program 
and holiday and vacations loans. 
Consumer loan processing includes many steps for check the eligibility of the individual loan 
capacity. Loan processing steps includes: 
 Income and employment check: This is the first step to check the eligibility of the 
consumer loan. This step checks your income is sufficient for cover the monthly EMIs. 
There are certain guide lines which is used to evaluate the income. 
 Credit history check: Credit history shows your earlier loan payments. Like, what were 
your earlier debts and current debts and what was your servicing history of those debts. 
This step shows your ability to repay the loan when it’s due. 
 Asset Evaluation: In this step, lender checks your down payment status and closing costs 
funds which are necessary for assets. This step mostly involved in vehicle loans. 
 Property appraisal: Is your property has sufficient value,

Topics Covered Cash Measures and Assessments Commercial Loan Process Consumer Loan Process In this assignment, you will review an article of your choice related to this module’s readings. Use good...

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