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#1323332 - 01/12/10 10:12 PM Supervisory Loan to Value
HRH Okie Banker Offline
Power Poster
Joined: Jan 2003
Posts: 3,070
Oklahoma
Should a loan be added to the SLTV Report if a new appraisal is ordered (for whatever reason) and the value comes back at a value low enough to put the LTV below guidance limit?

I've read each and everything related to SLTV many, many times in the last few years. My reference material on this is handy at all times. I've checked once again I cannot find anything related to this question or situation. I find guidance on need to calculate and perhaps add to the report when substituting collateral, but nothing on my question.

Yes/No? What do others think?
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#1324079 - 01/13/10 08:30 PM Re: Supervisory Loan to Value HRH Okie Banker
GenerousLife Offline
Diamond Poster
Joined: Feb 2002
Posts: 1,466
USA
A conservative answer would be yes.

You might try to argue your case if an examiner asked you why you did NOT put it on the report.

It is sometimes beneficial to argue the opposite viewpoint to get clarity.
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"No problem can withstand the assault of sustained thinking." ~ Voltaire
"Sustained thinking gives me a headache." ~Me

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