Most Popular Lending Content
IR Pricing Exception for Competitive Disadvantage
03/29/2020
On commercial loan requests we will sometimes deviate from the interest rates listed on our rate sheet (those rates offered to the general public) for reason of matching the rate being offered by a competing lender. We will report this as an interest rate pricing exception for reason of competitive disadvantage. My question is, does this same interest rate pricing exception constitute a Reg O violation when granted to a bank director?
Rewrite Require New App or Reg B Form?
03/29/2020
When a consumer comes in and rewrites a loan, with no new money advanced, are you required do to a new application or Reg B form?
Imaging Software and Scanning
03/29/2020
What is the best way to get documents into our imaging system?
Notice Letters
03/29/2020
What do other banks do about notice letters?
Add CPI Index at Time of Creating Escrow Acct?
03/29/2020
After watching an escrow webinar my bank decided to no longer add the 3% to the premium amount on the closing disclosure. Since the webinar, I have forgotten and did not properly document why. Can you please confirm or advise me on the initial escrow statement, per regulation, if we can add this? I recall it was created from the CPI Index. I understood this could be added at the annual escrow analysis, but NOT on the closing disclosure or Initial Escrow Statement/Disclosure. Is that right, or can we add the CPI index at the time of creating the escrow account?
