What is the mandatory compliance date for the new uniform residential mortgage loan application?
We had the 6 points of information for an application but lost track of the request and took too long to deny it as we were awaiting additional income information from the applicant. What can we do now?
Are there new questions on the flood proposal?
We have a customer who has a home equity loan. We found that about $8,000 in draws which were not posted to his account from a year ago. His loan is now almost maxed out. Is it too late to charge his account? Is there a time limit to correct our error?
Can we continue to use the old four-page uniform application with the demographic information addendum or must we convert to the new nine-page form?