Most Popular Lending Content
Bank Tickler Use Cases in Lending
09/20/2020
How are ticklers used in lending departments at banks?
Construction Loan Sample Forms
09/20/2020
Has the CFPB provided sample forms for construction loans?
Bank's NMLS ID for Advertisement
09/20/2020
Our mortgage department is putting together a script for a generic radio ad promoting their department and our offering of home loans. I know the obvious requirement of FDIC and EHL being mentioned. However, I'm unable to find concrete support as to whether our bank's NMLS ID must also be included. I saw a comment in the forum stating that banks aren't required to include it but can't find regulatory guidance to support that. Can you offer me some wisdom or direct me to a resource? I'm in Texas, by the way. I've also searched for state specifications and came up empty.
Using the EHL logo
09/20/2020
We include the Equal Housing Lender logo in all our home loan ads. Are we also required to include the “Equal Opportunity Lender” logo?
Notice Date and Letter Date for Denial
09/20/2020
It is my understanding that we have 30 days to notify the customer of our loan decision when denying the request. My question is, does the letter date have to reflect the same date of denial? I had a loan officer deny a mortgage loan within three days of application to avoid early disclosure requirements, but then the application was re-activated and the lender made a second decision with a later date. This second decision date makes the denial notice reflect more than three days from the application date. Any advice?
