Andreas Pennington

Business

13 August, 10:05

Prospective borrowers often submit loan requests directly to lenders. However, commercial loan requests can also be submitted through another channel in which a permanent lender agrees to purchase loans or consider loan requests from a mortgage banker or broker. This type of business relationship is more commonly referred to as a (n):

A) correspondent relationshipB) joint ventureC) sale-leasebackD) installment sale

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