Is a notification required to the consumer after 'conditional approval' has been granted and the consumer does not respond back with the necessary information or documents?
Our loan software provider has recently deleted the Government Monitoring Form from the list of required documents on loans subject to HMDA. Is this completed form no longer required on HMDA loans?.
If a borrower was denied credit for insufficient income (non credit score related),
does the credit /score disclosure need to be included with the denial letter?
If you have do a Request to Amend Application and the transaction was a telephone interview on 8/27 and the borrowers signed the disclosures on 9/1 but were not received until 9/5 what is the correct date of the application date you would note on the request to amend?
If you have to request an Amended Application and the transaction was a telephone interview on 8/27 and the borrowers signed the disclosures on 9/1 but were not received until 9/5 what is the correct application date you would note on the request to amend?
When are we required to use the Fannie Mae 1003 application for consumer real estate loans? We know we need them for 1st mortgage lien positions but what about 2nd Lien Positions?
There are different last names on a joint application. Should I list both names on the adverse action?
Can an automobile dealership take a credit application over the phone?
Our bank does not require applications for commercial loans booked to entities. If the entity requires more than one signature, is a Reg B joint credit application form required? Is a Reg B joint credit application form required when you have personal guarantees on an entity loan?
This question is about HMDA. We have many loan officers who take complete applications then cancel loans and start over for a number of different reasons. When they do this are all the loans HMDA reportable?