Doing annual statements is a real pain every month. What can we do to make these easier?
Do we have to test a consumer real estate loan modification for HPML? The modification is occurring before the maturity date.
We have a customer that has occupied a residence that they are purchasing, and they do not have another residence. Does the right of rescission apply to early occupancy in a purchase transaction? We have gone round and round with differing opinions.
How can we verify a Closing Disclosure APR for an adjustable rate consumer purpose loan that is secured by residential real estate? The terms in question are a 30 year mortgage with a 10/1 ARM.
For telephone applications, we ask the caller if there will be a joint borrower and who that will be. Would checking the joint applicant box on our loan system at the time of the verbal application be considered enough evidence to show joint intent?