Most Popular Lending Content
Is ongoing flood compliance monitoring required?
09/17/2023
Are we required to monitor for flood compliance after a loan is made?
DTI for loans to entities
09/10/2023
For loans to entities (LLC, Corporation, Trust, etc), if the lender calculated a DTI (along with a DSC - debt service coverage ratio), do we report the DTI for HMDA?
Demographics
09/10/2023
A loan was originated that began with an individual borrower but closed in the name of an entity. We initially collected GMI on the individual and reported it as such. Is this acceptable for HMDA?
Differences between Co-maker and Joint Owner
09/10/2023
What is the difference between a co maker and a joint owner on a automobile loan?
Escrow Rules on CML Loans
09/10/2023
We are currently looking at escrowing taxes and insurance on commercial real estate loans. I have not found anything stating we can't or shouldn't, however we don't currently have a procedure to do so. We also are having some commercial customers coming in after the loan is booked asking for us to escrow. Are there any specific dos and don'ts? Does anyone have procedures they wouldn't mind sharing? What rules apply here?