Most Popular Lending Content
NC Down Payment Assistance Program-HMDA LAR
08/30/2020
We have a loan that closed under the NC Down Payment assistance program and need to know how it should be coded for the purchaser type on the HMDA LAR?
Toughest Banking Regulator
08/30/2020
Which regulator issues the most enforcement actions?
Fair lending is more than mortgages
08/30/2020
The CFPB hasn’t been active in fair lending other than mortgages, correct, does this present any challenges?
Exception Reporting Software Features
08/30/2020
What features should we look for in an exception reporting system?
Zealous EVP earns big bonuses for being a big bank promoter – LO Comp restriction concerns?
08/30/2020
Our Executive VP earns a substantial annual bonus. He doesn’t really do any real estate lending, but he certainly talks with many bank customers (often on the golf course) about how the bank can provide various loan solutions, including home loans. Up to this point, he has kept his NMLS ID # and registration current “to CYA”. I’m concerned his bonus may be non-compliant with Loan Originator Compensation requirements. Should I be worried?
