Most Popular Compliance Content
Annual CRA credit for one loan
10/16/2022
Can my bank get CRA credit multiple times for the same loan?
Disclosing Appraisal Costs on an LE
10/09/2022
If we disclose a cost for an Automated Valuation Model/Investment Valuation Model (AVM/IVM) or basic evaluation on the Loan Estimate but the valuation amount comes in low and does not support loan request, if the borrower then requests a full appraisal in hopes of a higher estimated value, are we able to send a new LE with the additional appraisal cost since the borrower requested the full appraisal or does the financial institution need to "eat" the additional appraisal fee because we had already disclosed a lower fee amount?
Playing 'what-if' with Assessment Areas
10/09/2022
Is it possible to evaluate the impact of different CRA Assessment Area configurations on my CRA performance standards and my bank's comparison to those standards?
Redlining and CRA
10/09/2022
What is redlining in terms of CRA?
Borrower Submitted RE Inspection Photos
10/09/2022
Does the OCC or other regulatory agencies specifically allow or frown on borrowers taking photos for real estate inspections if the lender requests these through the Verisite Firewall application? The Verisite mobile app can geocode the photos for location confirmation but having the borrower involved may be an issue. Otherwise this could be a way to expedite the processing on some loans.