What scanners should we purchase for our loan imaging software?
Can a bank rely on a life of loan flood certificate that's older than 7-years when it is refinancing a loan?
Will there be new requirements in the new flood rules?
We have a customer requesting a HELOC instead of a short term construction loan in an attempt to avoid the draws. After construction is complete, a closed end mortgage would be provided. Since there is no equity in the home at this point, because it is not built, are we able to offer a HELOC for their home construction? Also, since they plan to pay off the HELOC at the end of construction, does the requirement for "repeated transactions" apply?
What is loan tickler software used for?