Vendor Guru Q&A - Lending

Latest Lending - Lien Topics

Deed of Trust Expiration Date

07/03/2022

How long is a Deed of Trust good for after the loan is paid off but no release has been filed?

Mortgage Lien Release

06/26/2022

How long does a bank have to mail out a release of lien on a single family residence mortgage or a commercial mortgage?

Mortgage lien released in error - cure?

04/03/2022

Is there anything we can do if we discover we have released a mortgage in error, approximately ten months ago?

Is a UCC on a fixture a lien for TRID?

03/27/2022

Is a UCC on a fixture a lien for TRID?

Liens via Deeds of Trust Against Same Property

06/06/2021

Are there any issues putting two separate liens via two deeds of trust against the same property on one loan?

Liens via Deeds of Trust Against Same Property

06/06/2021

Are there any issues putting two separate liens via two deeds of trust against the same property on one loan?

California UCC Filing System

03/28/2021

Where can I access the California UCC Filing System?

Discharge Fee on HELOC Agreement-Increased

04/19/2020

We are a lender in Massachusetts and disclose on our HELOC agreement the discharge fee that will be charged by the registry of deeds to discharge the loan when it is paid in full. Massachusetts recently went up in their fee by $30. The fee disclosed at the time of loan closing was accurate at that time. Can we charge the increased fee?

Can Borrowers Pre-sign the Closing Documents?

11/10/2019

We have a borrower who will be out of state on the closing day of their purchase money mortgage. Are there any issues with having the borrowers pre-sign the closing documents? (For example, the closing is on 10/01 and all the docs are dated 10/01, but the docs are signed and notarized 09/27.)

Loan to New Entity-Short Term Line of Credit

07/14/2019

We are trying to make a loan to a new entity and provide a short term line of credit to help fund the costs of there first contract as a company. We are wanting to take an assignment of the contract and have their customer issue joint checks for their payouts. I have been unable to find any document that works on our compliance software. Any ideas of how I would perfect this transaction?

Premium Content View All

ECOA and Appraisals: Both Notices & Copies are Mandatory

ECOA's requirement to make copies of appraisals available to applicants are not new.

New from CFPB: Escrow Accounts - and More

The rules are finally coming to implement the Dodd-Frank Act compliance changes. The big one - the rule to merge RESPA and TILA mortgage disclosures - won't be out until August.

New HPML Rules Defined

12/04/2022

Under the new QM/ATR rules that take effect on Oct 1, 2022, when does a loan become HPML? Is it still based on the 1.5%-1st lien, 3.5%-2nd lien, or does it now go by the new thresholds in the price-based tiers, for instance, 1st lien is less than $68,908 has a 6.5% threshold between the APR & APOR?

Latest Lending - Lien Topics

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