Acceptance of the borrower's loan application.' Approval' means that the borrower meets the lender's qualification requirements and also its underwriting requirements. In some cases, especially where approval is provided quickly as with automated underwriting systems, the approval may be conditional on further verification of information provided by the borrower.
Barry Goldsmith
| APA | Barry Goldsmith. (2010). approval. Retrieved September 22, 2026, from http://smartdefine.org/approval/definitions/1147758 |
| Chicago | Barry Goldsmith. 2010. "approval" http://smartdefine.org/approval/definitions/1147758 (accessed September 22, 2026). |
| Harvard | Barry Goldsmith 2010, approval, Smart Define, viewed 22 September, 2026, <http://smartdefine.org/approval/definitions/1147758>. |
| MLA | Barry Goldsmith. "approval" 21 October 2010. Web. 22 September 2026. <http://smartdefine.org/approval/definitions/1147758> |