Loan Production Office - LPO


DEFINITION of 'Loan Production Office - LPO'

The area of a bank's operations that accepts applications for loans and arranges for business financing, but does not take deposits. Loan production offices (LPOs) are responsible for growing loan business for the bank.

BREAKING DOWN 'Loan Production Office - LPO'

Though LPOs are responsible for accepting applications and arranging financing, loans still must be approved by the lending institution. This may be done by the bank's underwriting department.

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  1. Will my credit score suffer from debt consolidation or refinancing?

    You have several options for reducing your debt burden. You can enroll in a professional debt management plan, or consider ... Read Full Answer >>
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    Discretionary income is the money left over from your gross income each month after taking out taxes and paying for necessities. ... Read Full Answer >>
  3. What is the difference between accrued revenue and accrued interest?

    The difference between accrued revenue and accrued interest is that the former represents accumulated income that has not ... Read Full Answer >>
  4. What is the difference between "closed end credit" and a "line of credit?"

    Depending on the need, an individual or business may take out a form of credit that is either open- or closed-ended. While ... Read Full Answer >>
  5. In what instances does a business use closed end credit?

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