North American Product Classification System (NAPCS) Canada [Provisional Version 0.1]

North American Product Classification System (NAPCS) Canada [Provisional Version 0.1]
Introduction

522009.1.1 - Loan brokering products

The service of bringing together lenders and borrowers. Brokers evaluate the business situations of those with capital needs and match them with lenders. Brokers earn commissions and origination fees for the service, and may earn incidental interest until a loan is placed with investors. The service includes advice to the borrower, and co-ordination of the loan approval, commitment, and closing process. The service does not include collecting payments.

Display definitions Display structure
North American Product Classification System (NAPCS) Canada [Provisional Version 0.1] - Classification structure
Code Title
522009.1.1.1Mortgage brokering products Mortgage brokering products
522009.1.1.2Other loan brokering products Other loan brokering products
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