What is everyone doing with respect to loan renewals with an increase? Are you obtaining a new CBO or relying on an existing CBO that was obtained after 5/11/18?
We obtain an updated certificate with any applicable renewal or modification. We see it as one more signature in a mess of others and essentially a non-event for our borrower.
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I don't repeat gossip, so listen closely...
We collect a new certification any time a loan modification or renewal requires underwriting. To the best of my knowledge, any increase at our institution requires the loan to be underwritten.