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Loan Officer Definition.



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A loan officer is an individual who is responsible for the origination and processing of loan applications. They work with borrowers to collect the necessary documentation and information needed to assess the borrower’s creditworthiness and to determine whether or not they are eligible for a loan. Loan officers typically work for banks, credit unions, and … Read more

What is a cost?



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The cost, or cost of a company, is the money it costs a company to produce a product or offer a service, and then exploit it and try to make a profit. In this way, the cost includes all the expenses that the business activity entails. In these expenses we find raw materials, wageof workers, … Read more