What three decisions can an approver make when reviewing a loan?

When an approver is reviewing a loan, the three decisions that can be made are to approve, reject, or decline the loan.

Choosing to approve means that the loan meets all the necessary criteria and the approver is satisfied with the assessment, allowing the loan process to move forward. Rejecting indicates that the loan does not meet one or more important criteria, and thus it cannot proceed. Declining is a similar action to rejecting but may come after consideration of additional details or context regarding the loan application. It signals that although the application was evaluated, it did not meet the standards or requirements set forth by the lending institution.

The answer accurately reflects the common decision pathways available to an approver within this context, emphasizing the crucial nature of each option in the loan review process.