Most Popular Lending Content
GMI & Coding Race
03/01/2004
If you are unsure about the race of a borrower what should you do?
Responding to Nature's Hazards
03/01/2004
FDIC has again issued guidance on steps institutions may take to help rebuild areas affected by severe storms. FIL-57-2004. These issuances come out with predictable regularity after bad storms.
Do Commitment Letters qualify as a Preapproval?
02/23/2004
Although we have no formal Preapproval program, we do have mortgage loan officers that will provide commitment letters to an applicant if requested. Does this qualify as a Preapproval?
Signature Requirement for UCC-1
02/23/2004
Is a signature necessary on a UCC-1 filing if we have obtained the borrower's signature on the loan for that particular item? Someone had informed us that it was not necessary.
Do Not Confuse Income and Revenue
02/23/2004
If an individual or sole proprietorship obtains a business loan and has no gross annual revenue on the business venture, should the income from the owner's employment at another entity be reported for the revenue amount if it is what was used in making the credit decision?