Abbey says applications errors cause loan delays

Jones, Lee
May 2009
Money Marketing;5/21/2009, p5
The article reports on the association between application errors and delay of loans at mortgage provider Abbey for Intermediaries in Great Britain in 2009. The company admitted that 45 percent of the applications it received from intermediaries were not fully accomplished including the completion of the initial application form and other significant documents. The company also explained that it has the need to ensure the process of clean application to prevent any risks in the future.


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