Most Popular Lending Content
Banking Employees - Strategic Leaders or Just Employees -- PSI
03/03/2003
Do your employees understand your bank's strategy, products and services and how they can help you achieve your strategy?
Loan Document Preparation Fee Issues
03/03/2003
Our bank is considering implementing a loan document preparation fee. Other than making sure these fees are disclosed as a part of the finance charge, are there any other pitfalls or disclosure issues we need to be aware of and address? We would charge the fee on new originations only.
Pricing Loans Based On Credit Scores
03/03/2003
We are considering using a customers credit score to price their loan. (The credit scores we use come from the Credit Bureau.) With the theory that the lower the score the more risk involved. An example would be, New Auto Loan, credit score over 670, rate would be 7.49%; credit score between 620-670, rate 7.99%; and credit score less than 620, rate 8.49%. My question is are we OK pricing our consumer loans like this? Any pitfalls, reg violations?
Is a loan application always required?
03/03/2003
Are there any situations in which a loan application would not be required either by bank policy or regulation?
Community Banks Outperform In Services To Underserved
03/01/2003
Several studies by the Woodstock Institute underscore an important role community development banks play in the financial institutions industry: serving the "underserved."