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#1527116 - 03/25/11 03:58 PM Monitoring for Straw Loans and 3rd party payments
Ronnoc Offline
New Poster
Joined: Nov 2005
Posts: 20
Does anyone monitor for payments to make determinations of whether a loan is a straw loan or not? What do you do in reviewing payments, espicially in going to a lockbox?

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#1528112 - 03/29/11 02:27 PM Re: Monitoring for Straw Loans and 3rd party payments Ronnoc
Ronnoc Offline
New Poster
Joined: Nov 2005
Posts: 20
Anything? Anyone? Thanks.

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#1528419 - 03/29/11 07:18 PM Re: Monitoring for Straw Loans and 3rd party payments Ronnoc
BC78a Offline
Gold Star
BC78a
Joined: May 2006
Posts: 311
New York
If we are reviewing a customer, we will look at the loan activity if it a large loan. For small loans we will ask the RM if they have noted anything suspicious in the payments.
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Just my opinion for what it is worth

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