Vendor Guru Q&A - Lending

Sharing Exception Reports with Lenders

Latest Lending - Disclosures Topics

TIL Disclosures

07/02/2001

Who is responsible for the TIL disclosures when working with a broker?

Smothering The Best In Consumers

07/01/2001

It is very difficult to sit quietly at a Consumer Advisory Council meeting. It is tempting to share one's own ideas.

Home Equity & Demand Loans

06/04/2001

Is a home equity loan considered a demand loan? Can the bank demand immediate payment at any time if you are current with your payments?

I am a mortgage broker. Certain local banks and credit unions want to refer loans to me. ...I could swear there used to be a RESPA checklist that outlined the things a person had to do in order to earn a fee, and of this list you had to do, I think, 5 of the entire list in order to legally earn a fee.

Commercial Requirement for an Itemization of Amount Financed Form?

05/07/2001

Is an Itemization of Amount Financed form required on commercial loans?

Compliance Calendar

05/01/2001

JUNE

Compliance Calendar

04/01/2001

April
CRA in the Sunshine takes effect on April 1, 2001. Only April Fools will miss this! Check the technical rules for disclosure and be sure you are ready.

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COMPLIANCE CALENDAR

NOVEMBER

Counting "Business Days" Without Going Nuts

There are two definitions of business days in Regulation Z and one in RESPA. They apply to many of the same situations but aren't quite the same.

Letter Concerning an Escrow Overage?

11/04/2018

Is there suggested text for a letter concerning an escrow overage?

Pest Treatment Seller Cost- Redisclose LE?

11/04/2018

When pest treatment is required and if the seller is responsible for that cost, does that still constitute redisclosure of loan estimate?

Borrower Did Not Provide Info on Initial App-HMDA

10/28/2018

HMDA: If a borrower says he does do not want to provide information at the time of initial application, but then they complete the GMI information on the 1003 at closing, what information is reported on HMDA? The updated information or the original information provided by the applicant?

Housing Counseling Notice-Mobile Home Loans

10/28/2018

Is the Housing Counseling Notice required for mobile home loans when the loan is only secured by the mobile home itself, not the land it will be situated on?

Disclosing Broker Fee as Lender Paid Item POC

10/28/2018

We are moving to offer higher rates and eliminate origination fees to include broker fees when a broker is involved. Instead we would pay the broker upfront, and hopefully collect that fee in interest over the next several years. Do we have to disclose the broker fee as a lender paid item POC, or do we eliminate it all together?

Latest Lending - Disclosures Topics

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