Most Popular Lending Content
Setting expiration dates for collateral documents
03/31/2024
How might using expiration dates in a document management system support collateral perfection?
Redlining is real
03/31/2024
Is redlining real? It seems to be an antiquated type of violation.
Are Chargeback Fees OK?
03/31/2024
If a customer deposits a check into their account with us, and that check is returned to us as unpaid, may we charge them a fee when we do the chargeback?
New fingerprints required on a newly hired MLO?
03/31/2024
We have a new employee who was registered as an MLO at another financial institution. Upon updating their NMLS registration for our employment, we learned their fingerprints are over 3 years old. Can they still originate loans with us?
Retention of Loan Rate Sheets
03/31/2024
Is there a specific recordkeeping requirement for a lender/credit union to keep mortgage and home equity rate sheets? If there is not a reg, is there a best practice?