Most Popular Lending Content
Intent to apply for joint credit
07/21/2024
In reviewing our Consumer Loan Application, I noticed there is no formal Reg B section in which the Borrower(s) indicate whether they are applying for individual credit or joint credit. In my prior employment, the applications always included a formal Reg B section. Is this formal section required?
Post-maturity rate reduction on a HELOC ok?
07/21/2024
We have a HELOC that has matured, and the customer is having trouble repaying. Can we do a workout agreement on it (reduce the variable rate interest to thereby reduce the payment and give them a breather)?
Commercial lender activity report
07/21/2024
What is a commercial lender activity report?
“Date the Rate, Marry the Home” an acceptable mortgage ad campaign?
07/14/2024
I’ve been hearing a new mortgage ad slogan: “Date the Rate, Marry the Home”. What is this all about, and should we adopt it too? It is catchy, and might garner us some new loan apps.
Commercial lender reports
07/14/2024
What are commercial lender reports?