Lending institution is most interested in the fact that title insurance has been purchased in addition to the buyer.
A lending institution is that type of financial organization or institution which provides different types of loans to borrowers. There are many different types of lenders working in the marketplace today.
They ranges from banks and credit unions to mortgage and payday loan companies. Every loan giving organization is lending organization. The range of loan types offered by them will vary.
It depends upon the structure of the organization. Generally, all lenders will charge a rate of interest for the amount of funds borrowed by the borrower, and require the borrower to sign a contract that spells out the terms for repayment.
One of the more common examples of a lending institutions are banks.
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