Most Popular Lending Content
Loan denied based on guarantor.
04/21/2024
How would a commercial application denied based on the DTI of the guarantor be handled? In this case, the credit report of the guarantor was used to determine their debt level.
Distribution Channels for Commercial Loan Notices
04/21/2024
How do financial institutions distribute notices to commercial loan customers?
Written Permission to Access Credit Reports Required
04/21/2024
Is a person’s written consent required for us to access their credit bureau file?
Any junk fees to worry about on the loan side?
04/21/2024
I keep hearing about junk fees everywhere. I work on the loan side, though, and it seems like everything is on the deposit side. Is there anything I need to be aware of for loan fees?
Loans Require Deposit Account
04/21/2024
To get an auto loan our credit union requires the person to be a member. This requires a deposit/share draft account. Is this an allowable requirement to qualify for a loan?