Most Popular Lending Content
Chaiman’s daughter wants a business loan – does Reg O apply?
03/24/2024
Our Board Chairman’s daughter has opened her own business and wants a loan from us. She is on it all by herself and he will not be a guarantor. Is her loan subject to Reg O?
EVP is a big loan promoter – concerned about his annual bonus being compliant with Reg Z
03/24/2024
I work in HR, and know that our Executive VP earns a substantial annual bonus. He does not really do any real estate lending, but often says he makes more loan deals on the golf course than anywhere else. I assume this includes home loans. Up to this point, he has kept his NMLS ID # and registration current “to CYA”. I’m concerned his bonus may be non-compliant with Loan Originator Compensation requirements. Should I be worried?
Construction Lending and Flood Insurance – Understand what you need and when you need it.
03/24/2024
We are making a construction loan to a business to construct their new corporate office. Because the building is not yet constructed, do we need to do a flood determination?
Who should own NMLS administration – HR or Compliance?
03/17/2024
Who should manage the NMLS registration for our Mortgage Loan Originators (MLOs)? Is that an HR function, or should compliance do it?
Use cases for commercial loan workflow automation
03/17/2024
What are some processes in commercial lending that might benefit from automation?