Most Popular Lending Content
Address Discrepancies on Credit Reports
10/08/2023
Our bank does not report business purpose loans to credit bureaus. If we have an address discrepancy on a credit report pulled for an individual, but the loan is business purpose, are we obligated to furnish the borrower's address under Reg V, once we have reasonably confirmed it as accurate?
Scalability challenges with spreadsheet-based exception tracking for commercial loans
10/08/2023
Why isn’t a spreadsheet-based approach to exception tracking scalable?
Aren’t HELOCs exempt from flood insurance?
10/08/2023
Aren’t HELOCs exempt from flood insurance requirements?
Junior lienholder of a flood loan – how much flood insurance is needed?
10/01/2023
We have a HELOC secured by a home in a flood zone. We are holding a junior lien behind another lender. How much flood insurance is needed?
Time-consuming aspects of exception reporting for commercial loans
10/01/2023
Why is exception reporting time-consuming for commercial lending teams?