I am a Realtor and a lender has ask me to participate in a Realtor partner referral program. They want me to refer and recommend other real estate agents to them. The Realtor partner receives leads from the lender, that is buyers that do not have an agent. No money is exchanged, and there is no pressure to send them my business. Is this a violation or not?
Can a non-loan originator employee (teller) receive referral fees for loans that close in the secondary market, but receive no or less compensation for referrals of loans that close in-house?
EGRRCPA was to amend the appraisal thresholds. When is this effective?
Will examiners be looking for detailed procedures on how we evaluate high deductibles?
What has happened to flood penalties in 2019?
We found an HPML in our audit. There is no escrow set up. What can we do?
If we offer a discount coupon from a local business to a consumer opening a checking account, is that considered a bonus under Truth in Savings?
If we price HELOCs based on the applicant's credit score and loan to value ratio, so some borrowers get a lower rate than other borrowers, can we disclose the lower rate in our advertisement, or do we need to disclose both rates? Do we also need to specify the criteria for receiving the lower rate?
What might happen if we don't have a system to track complaint resolutions?
We had a customer ask to start a voluntary escrow account on an existing loan. Do we need a new agreement?