Will the mortgage servicing amendments affect how we “count” the 120-day period during which foreclosure filing is prohibited?
How do you know if a low value building has an insurable value? Do you determine this by determining if it is insured on the borrower’s hazard policy?
If a flood determination states that the property is not in a SFHA; however, the loan officer is aware that the area is flood prone, can the officer require the customer to get flood insurance?
If we have an internal evaluation, would that be appraised property value or estimated property value?
When a loan is to refinance an existing loan and the homeowner’s insurance is already in place; does it still need to be disclosed on the CD and shown as paid by borrower outside of closing since it is required?
What might happen if we don't have a system to track complaint resolutions?
Do we state the split of Real Estate Broker Commission on the Closing Disclosure?
How do you deal with determining ongoing content coverage when you are taking something like inventory for collateral, which can change at any point in time. Do you need to get a list yearly from the customer?
If we modify a loan that we are servicing and it is already in a Special Flood Hazard Area, do we have to provide another flood notification?
Would an escrow waiver fee be disclosed in the Loan Origination Section and in the Escrow Waiver Fee section?