Vendor Guru Q&A - Lending

Latest Lending - Internal Controls Topics

Loan Officer's Legal Lending Limit

07/17/2006

What are the industry standards regarding each loan officer's lending limit? Are there any regulations regarding this topic? Our bank is trying to decide if we should increase each loan officer's lending limit.

Lending Practices: Fair and Unfair

12/01/2005

Failures in lending compliance can cost as much as $14,000,000. That's the amount one lender will have to pay for unfair lending practices and compliance failures.

BSA Enforcement

11/01/2001

Enforcement actions this season aren't limited to flood hazard.

At Last: The KYC Proposal

10/01/1998

It's here. The Federal Reserve Board has signed off on proposed Know Your Customer ("KYC") rules.

Going “Paperless”

11/08/2020

What types of documents are banks digitizing in an effort to reduce paper?

Escrow short year statements

11/01/2020

Doing annual statements is a real pain every month. What can we do to make these easier?

Does ECOA Apply to Interim Construction?

11/01/2020

We have made a loan to a builder to construct a spec home. Does ECOA apply? The same builder also has a contract build; does ECOA apply to that? We structured both of these as interim construction because both will be refinanced once the homes are complete. Neither will be our borrowers as these are investment properties.

Delaying the Payday Loan Rule

11/01/2020

What does the "stay" of the compliance date for the Payday Loan Rule do?

Switching Loan Imaging Systems

11/01/2020

What’s the best way to switch from one imaging system to another?

Latest Lending - Internal Controls Topics

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