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April 22
A Banker's Guide to Virtual Currency
Andrew Beal

April 24
BSA/AML Compliance: Writing the SAR Narrative
Ken Golliher

April 29
HSA Basics
Whitney Johnson

April 29
Required Training for Loan Originators
Mary Beth Guard and Jack Holzknecht

May 13
Overdraft Practices in Today's Regulatory Environment
John Burnett

May 14
Reg E Claims - Allocating Liability Correctly
Andy Zavoina

Topic Options
#1146975 - 03/18/09 11:50 AM Loan Review Procedures
hsimmers Offline
100 Club

Registered: 09/09/08
Posts: 106
I am trying to figure out an efficent way to complete loan review. Right now our system involves a lot of "paperwork" and I am trying to make it easier and more efficient, while still making sure we are documenting everything we should. I am curious what others "procedures" are on how they do loan review? Currently we hae everything in a spreadsheet and on a review sheet place in the file, then the loan officer/processor sends back the review sheet after everything all (if any) corrections are made. there is a lot of back and forth and tracking.

#1147701 - 03/19/09 10:41 AM Re: Loan Review Procedures [Re: hsimmers]
ahkcompliance Online
Diamond Poster

Registered: 09/10/08
Posts: 1642
Loc: Midwest
I am wondering the same thing. Currently, after I review a loan file for compliance I track on a spreadsheet. I don't put anything in file? Should I be putting a sheet in file of the errors I found?

#1148078 - 03/19/09 03:36 PM Re: Loan Review Procedures [Re: ahkcompliance]
OnTheEdge Offline
Diamond Poster

Registered: 04/25/02
Posts: 1441
Loc: SmallTown, USA
I would not put anything in the file.I would document findings and follow-up with lender/processor involved.
The opinions expressed are mine and do not necessarily reflect those of my employer.

#1166692 - 04/20/09 03:32 PM Re: Loan Review Procedures [Re: OnTheEdge]
hsimmers Offline
100 Club

Registered: 09/09/08
Posts: 106
Right now we put a review sheet in the file and then send out a spreadsheet with all notices for each lender/processor. They use the spreadsheet to locate which file have issues and then can respond the the issues on the review sheet, located in the file. That sheet is then sent back to me to mark those loans off the spreadsheet. I am thinking it may be easier just to put everything on the spreadsheet and then they can send me corrections on that.

Another question, do you have any kind of checklist or process you use when going through the loan files? Anything different when its consumer/commercial/real estate?

#1172160 - 04/29/09 11:19 AM Re: Loan Review Procedures [Re: hsimmers]
AllSmiles Offline
Gold Star

Registered: 02/01/08
Posts: 273
Loc: where the wind comes sweeping
I am curious to know how often you complete a Loan Review. We review a 20% sample each month of all loans. I find more exceptions are due to the fact that the lein entry, mortgage, has not had time to be processed and returned. Does anyone know if there is a schedule available somewhere? I would like to hear what others are doing. Thanks!


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