Loan types
Loan types in NinjaLender
In NinjaLender, all applications are divided into types, depending on the type of loan that the borrower wishes to receive. Each type has its own set of default requisites, its own threshold of "freshness". The presence of the auction stage depending on the threshold of "freshness" (rate of obsolescence). Example: A mortgage application may be pending a long time and can be considered fresh for quite a long time compared to PayDayLoan. Therefore, the mortgage has a higher freshness threshold and it will have the “Auction” stage included.
In NinjaLender, all applications are divided into types, depending on the type of loan that the borrower wishes to receive. Each type has its own set of default requisites, its own threshold of "freshness". The presence of the auction stage depending on the threshold of "freshness" (rate of obsolescence). Example: A mortgage application may be pending a long time and can be considered fresh for quite a long time compared to PayDayLoan. Therefore, the mortgage has a higher freshness threshold and it will have the “Auction” stage included.:
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