Vendor Guru Q&A - Lending

Latest Lending - Adjustable Rate Mortgages Topics

15 Year Historical Example Required for ARM Loans?

05/04/2015

Is a 15 year historical example required for ARM mortgage loans?

Reg Z Language Requirements for ARM Mortgage

02/10/2014

For an ARM mortgage, is the language in the Reg Z TIL box marked Variable Rate Feature sufficient? Our LOS has a text box and we put language relating to our margin, index, etc. which I would prefer to eliminate, but need to know there are specific requirements?

Threads About the Lending Compliance Changes

11/10/2009

This is a compilation of links to some of the liveliest recent threads relating to the lending compliance challenges bankers are dealing with at this time.

Lending Disclosures at a Glance

03/01/2002

by Mary Beth Guard, BOL Guru

Applications, Anyone?

10/01/2001

No matter what your training topic, someone will ask you what an application is. Or they'll ask you a question about when communication with a consumer becomes an application.

Truth in Lending

01/01/2000

Truth in Lending, and its close ally, Regulation Z, have been at the center of the compliance circle from the beginning.

How Important is Compliance Management?

03/01/1996

We have been talking about "managing compliance" or compliance "management" for some years. Those of us who do it - who manage compliance - know what it is.

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The Progress of ARMs

In the world of mortgage lending, adjustable rate mortgages are a relatively young product.

Prohibited Contract Terms by Loan Type

With the Federal Reserve’s proposal to revise Regulation Z to limit predatory lending and the ideas and bills circulating in Congress, it is time to take a careful look at what disclosures are requ

Consequences of Sending our Annual HMDA LAR Late?

05/09/2021

What are the consequences of sending our annual HMDA LAR late? I am new to this realm of lending. Who do I talk to, to discuss why it is late and does it help that we have never been late in the past?

Third-party Imaging vs. Core Imaging

05/09/2021

What are some reasons for considering a third-party bank imaging system?

Use of an existing determination

05/09/2021

If we are renewing, extending or increasing a loan do we need to do a new flood determination? Can it be recertified?

Advertising Rate Sheet-"Limited Time Offer"

05/09/2021

We are creating a rate sheet to be used by local Realtors. It will provide the current rates for several types of loan products. Under our in-house loan category, Marketing would like to list "Limited Time Offer" as one of the bullet points. I recommended they provide an expiration date. Marketing wants to show that as follows - "Limited Time Offer. May Expire Without Notice." Since UDAAP is governed by perception of the reader what are your thoughts, I am still leaning toward a hard expiration date. What is required, or commonly done?

UCC Search in Michigan

05/02/2021

Website for searching UCCs in Michigan?

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