Kathleen Blanchard has over 32 years of experience in banking. She has developed lending and regulatory processes as a banker and consultant and presents detailed regulatory training that is very process specific. Her banking background includes commercial and private banking lending, credit review, credit policy and procedures, risk management and regulatory compliance at both community, regional and large international banks.
Kathleen has been providing training and consulting services for banks, credit unions and non-bank lenders on their regulatory compliance processes, HMDA and CRA reporting, process development and training since 2006. She is a Certified Regulatory Compliance Manager and a BOL Guru for BankersOnline.com. Kathleen presents her views and advice on HMDA and CRA and other regulatory matters at her website, www.kaybeescomplianceinsights.com
Since 2015, Kathleen has been delivering in depth regulatory compliance consulting and training via The HMDA Academy, a unique personalized combination of consulting, training and resources delivered online to assist financial institutions and vendors in learning and applying the revised HMDA process and rules going into effect in 2017 and 2018.
Areas of Expertise:
AML/BSA Independent Audits
A borrower is applying for a home equity line of credit with our institution. An appraisal was done within the past year as part of a refinance of the first mortgage through a mortgage company. The combined loan to value is sufficient using the existing appraisal. The appraiser is one of our approved appraisers and the appraisal will be reviewed by us as well as a property verification performed. Are there any restrictions regarding the use of the existing appraisal? I am specifically asking if it is required that this appraisal be originally ordered by an FDIC insured financial institution or can we determine if the source is acceptable?
When you close a HELOC along with a purchase transaction do you rescind the HELOC? If so, how?
When determining proper flood coverage on a new construction condo project, would you use the total number of units or number of units completed from the appraisal?
When lending to an informal partnership what is the appropriate documentation to obtain and how should the documents be titled?
Our lending department wants to set up an online process where customers can submit a loan inquiry from our Web Site that would include almost all of the information that is on a normal face-to-face application. The information gathered would only be used, and a credit report run, once a face-to-face meeting has occurred. They are looking for a way to speed up the application process for the customer. I would like to know if this is possible or would it be considered that we have really received an application when we receive the information from the Web site?
If a customer lives out of the country and wishes to have a branch receive their monthly statements, is this permissible? If so, what rules apply?
Can I use a mortgage with a modification recorded in March 2000 to secure a new note? No new money goes to the customer. It will combine two notes secured by two mortgages, one of which is the one I wish to refer to in the new note.
If you have a commercial interim construction loan for $200,000 (the property will be sold at completion) and then you do an additional loan for $100,000 secured by the same property would the new loan now require a full state certified appraisal because of the total dollar amount on the two loans are now over the $250,000 threshold?
Is it a violation of Section 8 of RESPA for a title company to invite lenders and loan support staff to a local restaurant for hors d'oeuvres and drinks? The invitation is only for our bank employees, not those of other banks. This same company also provides lunch to all bank employees at Christmas time. The title company is also a bank customer.
When the bank pays all closing costs on a Home Equity Line of credit should the fees be disclosed on the note as paid in cash or should they not be disclosed at all?