Review Loan Application Withdrawn Meaning
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FAQ
An application would still be considered as being withdrawn if the financial institution made a counteroffer which the borrower agreed to and the loan was subsequently conditionally approved with underwriting conditions but the borrower later withdraws before satisfying those conditions.
1 : removed from immediate contact or easy approach : isolated. 2 : socially detached and unresponsive : exhibiting withdrawal : introverted a shy and withdrawn child.
Removed: Loan listing was removed based on a credit decision, or the inability to verify certain borrower information. Withdrawn by Applicant: Borrower withdrew their loan application. In Funding: Loan request is listed on the site and is still receiving funding from investors.
After an application is withdrawn, SBA is required to send the applicant a separate letter notifying the applicant of the withdrawal, and specifying the information required for re-submission of the loan request and the reacceptance deadline for the application.
Title. My application status says "withdrawn" what does that mean? Withdrawn for scores means that your SAT/ACT test scores did not meet our initial requirements. If you are planning on retaking the tests, please submit them electronically as soon as possible.
