Most Popular Lending Content
Second Entry for Completed Mortgage Application
01/30/2022
A lender entered data for a completed mortgage application but failed to send out any the disclosures. Instead, they asked that the file be withdrawn and a new application was entered into the system and that file has been approved to close. This second entry will result in a new mortgage loan. What do we do with the original file?
Written Permission to Access Credit Reports Required
01/30/2022
Is a person’s written consent required for us to access their credit bureau file?
REMA
01/23/2022
Which regulation explains the concept of REMA?
Account of a Deceased whos POD has a Charge Off
01/23/2022
We have an account of a deceased whos POD has a charge off. What are the rights of the bank to assume those funds?
Rate Lock Extension Fee-Reissue Closing Discl.
01/23/2022
I'm getting mixed answers on this question - we issued a closing disclosure, but the seller postpone at the last minute. The closing is now back on, but the rate has expired and is being extended. Is adding a rate lock extension fee a valid change of circumstance to reissue a closing disclosure?