Word: klapper
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...discriminate against any area in Cambridge," Klapper says...
...Klapper says the bank makes lending decisions based on an appraisal of the property, the applicant's employment and credit history and the ability of the applicant to provide a down payment...
Although some applicants come to the bank on their own, Klapper says the mortgage department's primary focus is on the real estate market...
...this reason, three of the bank's four mortgage executives are paid 50 percent salary and 50 percent commission to solicit in the real estate and business communities, Klapper says...
...They make a lot of money," Klapper says...