Most Popular Lending Content
Commercial Loan Modifications
05/15/2022
Do you need to modify or prepare a change in terms on a commercial loan when lowering the interest rate but not changing the maturity date? Can it just be done with a maintenance request?
Abundance of caution – no flood insurance needed, right?
05/15/2022
Is flood insurance required on property taken as an abundance of caution?
Got a flood insurance binder today, can the loan close tomorrow?
05/15/2022
We have been having a terrible time getting our borrower to provide evidence of flood insurance. We are all getting frustrated. Today she finally brought in a binder showing an adequate amount of coverage. Can we close tomorrow?
Get the right appraiser for the job
05/15/2022
Can a residential appraiser complete an appraisal for us on a transaction involving 6 residential lots?
Commercial Loans and Appraisal Delivery
05/15/2022
When should a copy of the appraisal be given to the borrower on a commercial loan before closing?