Most Popular Lending Content
Must every Loan Originator be registered on the NMLS Registry?
03/10/2024
Must our Loan Originators (LO) be registered on the NMLS Registry?
Our EVP just bounced a $1,200 check. What do we do?
03/10/2024
I work in operations, and our Executive Vice President just showed up on the daily NSF report! He has overdrawn his personal checking account by $1,200. What do we do?! Can we pay it or must we return it, and must we charge him our normal fee?
Contents Coverage – When is it needed?
03/10/2024
Is flood insurance on the contents of a property required if the property is located in a SFHA?
Disclosing discount rates
03/10/2024
If our bank does not offer a rate lock program and all of our loans are fixed rate loans, can a buyer purchase discount points to lower the interest rate? If they can, do they have to sign a form reflecting the discount rate or can we just disclose the discount and fee on the loan estimate?
Security Agreements and Loan Renewals
03/03/2024
When a renew a loan with collateral should a new Security Agreement be completed as well?