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Glossary entry

Spanish term or phrase:

Ventas de Créditos

English translation:

Loan Sales

Added to glossary by Richard Hill
Jul 1, 2012 00:26
12 yrs ago
Spanish term

Ventas de Créditos

Spanish to English Bus/Financial Finance (general)
A little help with "Departamento de Ventas de Créditos sobre el Valor Líquido de la Propiedad" in the below context, please.

Envié su consulta a nuestro Departamento de Ventas de Créditos sobre el Valor Líquido de la Propiedad. Recibirá una respuesta en un plazo de tres días....

Is this something other than a home equity credit line?

Sorry, no more context available.

Thanks!
Proposed translations (English)
3 Loan Sales
5 equity loan
Change log

Jul 4, 2012 02:34: Richard Hill Created KOG entry

Discussion

TranLM (asker) Jul 2, 2012:
Sorry, Phil -- it is just the way the text is provided to me in a CAT tool.
And thank you juslar for your entry.
philgoddard Jul 2, 2012:
I'm glad you haven't lost interest, but this whole sentence makes no sense on its own. There must be something before it. We don't even know what 'la propiedad" refers to.
TranLM (asker) Jul 2, 2012:
Hi Phil, I did not lose interest in the question ;) Just away from my computer.

The text is information on a Web site for a large commercial bank. Much of what is offered in this section is short segments on customer service hours, etc. So, not a whole lot of meaningful context. There are brief references to home equity loans, ACH collections, mortgage schedules. So, Mortgage Sales Dept. is perhaps the best fit.
philgoddard Jul 2, 2012:
It's probably mortgage sales, but it looks like the asker has lost interest in the question.
Juan Uslar Gathmann Jul 2, 2012:
Banks do not have loan sales departments This phrase obviously needs more context: banks do sell their mortgages. These are treasury deals that take place between banks themselves or between banks and institutional investors. i.e this is not a retail operation. This looks rather as a situation where a homeowner would like to sell his house and a realtor wants first to make sure what the market value of the property is, and this value would be determined by the " Credit Sale Department" i.e. the one that deals with non cash sales...
philgoddard Jul 1, 2012:
Do you really have no context? Have you just been given two sentences to translate?

Proposed translations

8 mins
Selected

Loan Sales

Why do banks sell your mortgage loan?
Quick answer: To make money on the sale of the loan and relend the proceeds to make another loan and repeat the cycle....over, and over, and over....again!
http://abirenews.blogspot.mx/2011/10/why-do-banks-sell-your-...

oday, potential buyers are pampered for choice with regards to regular property transactions, and very few home sellers understand the truth that it’s easy to sell your mortgage loan...
http://nysetradingnews.com/2012/03/11/sell-your-london-prope...

Residential Loan Sales Department
593-1226 (Oahu)
800-293-2878 (Neighbor Islands and Mainland)
https://www.asbhawaii.com/personal-banking

Mortgage bankers make a commission when they sell your loan to another company.
http://www.creditinfocenter.com/mortgage/sellloans.shtml

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Note added at 11 mins (2012-07-01 00:37:27 GMT)
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Saludos :)
Note from asker:
Thanks, Rich! Saludos.
Something went wrong...
4 KudoZ points awarded for this answer. Comment: "Thanks for your input, as always, Rich"
1 day 18 hrs

equity loan

Valor Líquido! =equity
Note from asker:
Thank you for the suggestion, bigedsenior
Something went wrong...
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