Most Popular Lending Content
Loan Purpose
03/07/2021
If the purpose is to purchase an investment property (comm'l purpose) then we don't reported at all (not to purch/refi/improve a dwelling)?
Getting all the HMDA info in the app
03/07/2021
A loan officer took an application for a dwelling secured but failed to ask what type of dwelling (site built, manufactured home, etc. Can we report NA for that field?
Loan Estimate not Sent to Borrower
03/07/2021
intent to proceed prohibits charging fees other than for credit report before the Loan Estimate is provided and the applicant's intent to proceed has been confirmed and documented. If due to a technical issue which we discovered post closing the Loan Estimate was never sent to the borrower, is the lender obligated to refund all closing fees based on the Intent to proceed rule?
Examples of One-Time Tasks Tracked in a Tickler File
03/07/2021
What types of one-time events are tracked in tickler files?
Differences between MAPR and APR
03/07/2021
What is a MAPR?