Latest Lending - Loan Application Topics

HMDA Rule: Increase w/ New Loan Estimate Issued

03/24/2019

Under current HMDA rules, if a borrower submits an application for one amount and then requests an increase and a new loan estimate is issued, do we report the original amount requested or the increased amount?

Deny Credit If Report Pulled Over 6 Months Ago?

12/31/2017

Can credit be denied based on a credit report pulled over 6 months ago or should a new report be pulled? (In this case, the credit requested 6 months ago was denied and now a new credit request has been received.)

Buy or Build: Transforming Commercial Credit Origination

12/10/2017

When considering new technology for credit origination, how can banks decide whether to build in-house or buy an existing technology?

Impact of Home Equity Lines of Credit in New Loan Originator Compensation Rules

12/10/2017

Are Home Equity Lines of Credit included in the new loan originator compensation rules? If so, can an employer incent a loan originator based on the amount drawn versus the line amount?

Starting budget for loan imaging software

12/03/2017

What is a ballpark budget for loan imaging software?

PDF 1003/URLA w/Demographic Info Addendum?

11/26/2017

I'm looking for a PDF fillable 1003/URLA with the 2018 Demographic Information Addendum attached with the old GMI section on page 4 being crossed out. We need it for our website. Are you aware of anywhere this is available?

Traditional vs Alternative Lending

11/12/2017

What can traditional banks learn from alternative lenders?

Competing in Small Business Lending

11/12/2017

How do banks start serving small and medium-sized enterprises again?

Are Offering Specific Types of Loans Prohibited?

10/08/2017

Are financial institutions prohibited from offering specific types of loans (i.e.mobile home loans)? Should loans which are acceptable and not acceptable be documented in the bank's loan policy, along with the procedure for any exceptions?

Common loan exceptions

05/14/2017

What are some common loan exceptions that banks deal with?

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COMPLIANCE Q & A: Updated URLA?

Question: Our current Uniform Residential Loan Application (URLA) that is provided in our loan processing software has a revision date of 06/09 and is 5 pages.

COMPLIANCE Q&A: Invalid loan conditions

Question: Our Director’s Loan Committee recently approved a loan request for two individuals to purchase their primary residence contingent on certain conditions.

Is email receipt of the LE sufficient

01/19/2020

We mailed the borrower’s Loan Estimate and they emailed us that it was received, and they want to proceed with the loan. Can we act on this emailed notice?

MIL - Open-end and ODP Coverage

01/19/2020

The Military Lending Act does not specify if the Act applies to an open-ended Overdraft Protection line that is tied to a checking account or a closed-ended loan secured by the applicants’ deposit accounts such as a savings and/or certificate of deposit. Does the Rule apply to both consumer credit types?

Latest Lending - Loan Application Topics

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