Most Popular Lending Content
Flood and EGRRCPA
08/09/2020
Will there be new requirements in the new flood rules?
Difference between an enforcement action and a consent decree
08/09/2020
What is the difference between an enforcement action and a consent decree?
HELOC for Home Construction?
08/06/2020
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?
ARM Loans- Calculating 1st Interest Rate Change
07/26/2020
On ARM loans, is the first interest rate change calculated from the loan date or in the case of recission, the disbursement date?
Loan Tickler Software
07/26/2020
What is loan tickler software used for?
