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The Role of Technology in No-visit Loans Technology is at the heart of the no-visit mortgage phenomenon. The use of online platforms and cellular applications has revolutionized the way in which loans are supplied and managed. Lenders leverage advanced algorithms and knowledge analytics to assess purposes and risk shortly, streamlining the approval course
What is a Delinquent Loan? A delinquent mortgage refers to any mortgage by which the borrower has did not make scheduled funds on time. The delinquency status typically starts when a payment is missed and continues until the mortgage is brought back to good standing. For most lenders, a mortgage is taken into account delinquent after a grace period, which varies however typically ranges from 30 to 90 days. The impression of delinquent loans extends beyond immediate financial concerns
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