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

Use of the old four-page uniform application with the demographic information addendum

07/12/2020

Can we continue to use the old four-page uniform application with the demographic information addendum or must we convert to the new nine-page form?

Time Limit to Correct Error on HELOC?

07/12/2020

We have a customer who has a home equity loan. We found that about $8,000 in draws which were not posted to his account from a year ago. His loan is now almost maxed out. Is it too late to charge his account? Is there a time limit to correct our error?

Credit Card Promotion-Waive Annual Fee

07/05/2020

The bank is considering a credit card promotion for a period of 90 days that will waive the annual fee for the life of the credit card. A customer must apply for the credit card during this time frame to be eligible. It will not be advertised externally. Must the credit card application be altered or can we leave the annual fee on the app in case other customers take the application with them? What other compliance requirements exist for this type of promotion?

How to Report Purchase of 6 Properties on 1 Loan

07/05/2020

How do I report the purchase of 6 properties on one mortgage loan with a combination of 9 leased apartments plus 28 bedrooms with shared bathrooms that are rented weekly or monthly?

Benefits of Document Collection Software

07/05/2020

Why use document collection software?

Latest Lending - Adjustable Rate Mortgages Topics

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