Most Popular Lending Content
Automated timers in commercial lending software
04/23/2023
What are automated timers in commercial lending software?
Using an Appraisal Management Company
04/23/2023
If I outsource my real estate valuation program to an appraisal management company (AMC), what are my obligations?
Is it OK to re-disclose a corrected APR after loan-closing?
04/23/2023
In post-closing review, we noticed a loan’s APR is understated outside of tolerance. Can we just send a new disclosure showing the correct APR to fix this inadvertent error?
Flood - No Insurable Value
04/16/2023
We are taking real property as collateral that includes several acres and several structures. Some of these structures are not in a SFHA. One of the structures is partially in a SFHA and another is fully in. We have been informed that neither of the structures that would require flood insurance have any insurable value and one of them will be torn down. We are looking for guidance on this as we cannot rely on the assumption the one will be torn down. If neither are insurable and we do not require flood insurance, are we in compliance as long as we document the file with this? This property does not qualify for the detached building exemption.
Pre-defined document structures in an imaging system
04/16/2023
What are pre-defined document structures and how are they useful?