Most Popular Lending Content
Review-related tasks in commercial loan exception tracking
09/17/2023
What review-related tasks are common to commercial lending exception management?
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?
Effect of Fees on a Modification Disclosure
09/10/2023
If we are charging a modification or change in terms fee, and call it an administrative fee on a consumer dwelling secured loan, and the LOS prints and customer signs the document, I understand that this is allowed because the modification is not considered a refinancing under Reg Z. However, I am being asked how charging a fee payable to the bank does not affect the APR and require new disclosures?
Document expiration dates
09/10/2023
Why would a financial institution track expiration dates for loan documents?
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?