Most Popular Lending Content
The new lens your FI needs for lending compliance programs.
05/14/2023
Does your FI consider CRA and Fair Lending to be two separate programs?
Ad disclosures on HELOC statements
05/14/2023
On Home Equity Line of Credit statements, is it required or acceptable to include the FDIC and Equal Housing Lender logos for notices and statements?
Collecting Loans of the Deceased
05/14/2023
What kind of recourse (if any) does a bank have when a borrower passes away while s/he still has an active unsecured consumer installment loan? Any suggestions would be appreciated as to avoiding a loss on the loan.
HELOC Itemized Disclosures
05/07/2023
I am looking for some clarification on disclosing the finance charges section which states the components of the finance charge shall be individually itemized and identified to show the amount(s). Start up fees - charges are financed as part of the plan, including charges that are paid out of the first advance, charges must be disclosed. My question is, we have a HELOC that financed all fees into the loan. Our operations department was told to list them individually. However, they combined the Recording and E-Recording fee as a single total, with the description of Recording Fees. Then the Title Insurance fee and Title Services fee were shown as a combined total with the description, Title Insurance Fee. Would this suffice or should they truly be separated out? My recommendation was to list them all out, to mitigate confusion but our operations team is unsure if we can add the additional fee modifiers to our banking system.
When a Borrower isn’t Happy with an Appraisal
05/07/2023
If a borrower is not happy with their appraisal, should I order a second one?