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#1809084 - 04/29/13 08:06 PM Mortgage loan program for doctors
wanted Offline
Member
wanted
Joined: Oct 2001
Posts: 99
United States
The bank wants to set up a mortgage loan program for the doctor profession. What kind of issues does this present? Apparently a competition bank has this type of program.

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#1809173 - 04/30/13 12:44 AM Re: Mortgage loan program for doctors wanted
Richard Insley Offline
10K Club
Richard Insley
Joined: Oct 2000
Posts: 10,203
Toano, VA
For starters:
- Be careful to define (precisely) what constitutes a "doctor" and how you will make that determination.

- Define the product(s) that will be offered through this program--paying careful attention to the dividing line between business credit and personal (consumer) credit. Address blurry situations in your policy/procedure, such as the case where a new doc buys a housing unit to be converted into his/her office...and then decides to live upstairs.
Last edited by Richard Insley; 04/30/13 12:48 AM.
_________________________
...gone fishing.

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