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Vendor Guru Q&A - Lending

Loan Document Sources

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Sharing Exception Data with Lenders

Latest Lending - Commercial Lending Topics

Commercial Loans and Appraisal Delivery

05/15/2022

When should a copy of the appraisal be given to the borrower on a commercial loan before closing?

Commercial Loan Modifications

05/15/2022

Do you need to modify or prepare a change in terms on a commercial loan when lowering the interest rate but not changing the maturity date? Can it just be done with a maintenance request?

Business loan denied because of Owner's Report

05/01/2022

We have a business entity request for commercial credit and a credit report was pulled on the two owners, with the credit request denied based on one owner's credit score. If the FCRA portion of the Adverse Action Notice is completed is that wrong? If this is included and the score, key factors etc. are for the credit score used in making the credit decision is sent to both owners, in the name of the business entity, is that wrong?

Signers on Parnership Loan

04/24/2022

If I am doing a loan for an LLC where two partners own 40% each and the third owns 20%, do I need any information/documentation on the third owner if he is not going to be a borrower on this loan? Would meeting minutes be required where it is decided the third owner will not be signing the loan?

Loan Pipeline Reports

03/27/2022

How do lenders use loan pipeline reports?

Notice Letters

03/06/2022

What are some common use cases for notice letters in banking?

1003 Application or Standard Commercial?

11/14/2021

If we have a commercial purpose loan to purchase a 1-4 family home for rental, do we use the 1003 application or the standard commercial application?

Barcodes and Scanning

10/31/2021

How are barcodes useful to banks when scanning commercial loan documents?

Exception Management

10/17/2021

What does “exception management” mean in banking?

Loan Imaging Examples for Commercial Loans

09/12/2021

What types of commercial loan documents are commonly “imaged”?

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Action Training: Updated Real Estate Valuation Thresholds

By Patti Joyner Blenden

RESPA: How to Violate Section 8

It doesn't matter how strong you think your compliance program is. Someone in the organization may be busy figuring out a way to violate RESPA's Section 8.

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Most Popular Lending Content

Commercial Loans and Appraisal Delivery

05/15/2022

When should a copy of the appraisal be given to the borrower on a commercial loan before closing?

Commercial Loan Modifications

05/15/2022

Do you need to modify or prepare a change in terms on a commercial loan when lowering the interest rate but not changing the maturity date? Can it just be done with a maintenance request?

Abundance of caution – no flood insurance needed, right?

05/15/2022

Is flood insurance required on property taken as an abundance of caution?

Got a flood insurance binder today, can the loan close tomorrow?

05/15/2022

We have been having a terrible time getting our borrower to provide evidence of flood insurance. We are all getting frustrated. Today she finally brought in a binder showing an adequate amount of coverage. Can we close tomorrow?

Get the right appraiser for the job

05/15/2022

Can a residential appraiser complete an appraisal for us on a transaction involving 6 residential lots?

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