Most Popular Lending Content
Reporting Revenue on Small Business LAR
10/18/2020
When reporting revenue on the small business LAR can you please clarify the following for me: We have a loan program called "Low Doc" in which financials are not used in making the credit decision based on a number of factors, however we do have the revenue information from the customer. In order that these loans are not reported as a code 3 – and not counted in our CRA totals, is it appropriate in using the business revenues that the customer provided?
State's Public Records-Record Retention
10/18/2020
We want to know if there is a vendor or website our bank can utilize to quickly retrieve public records online from various Secretary of State offices, tax cards & tax bills to pay escrowed taxes, retrieve recorded real estate docs i.e. recorded Warranty/Quitclaim Deeds, MTG-DOT and AOR's. The majority of states have their records available online but behind a paywall where you have to pay for each individual page of each document. There's 25+ of us between Lending, Legal, and Compliance that need access at our bank to these docs. In my previous banking career, we utilized a website called NETRONLINE.com with a paid subscription but it appears it is no longer available. Is there a substitute?
Transferable Letter of Credit Precautions
10/18/2020
Please explain the precautions which should be used when issuing a transferable letter of credit.
Scanning Before Closing a Commercial Loan
10/18/2020
Why should we consider scanning documents before closing a commercial loan?
Switching Exception Tracking Systems
10/11/2020
What steps are involved with switching exception tracking systems?
