Most Popular Lending Content
Seller's Fee in Tolerance Calculation
09/13/2020
When we have a TRID loan that we have already issued the loan estimate to the borrower, and we find out that the borrower will be paying the seller’s fees at closing. Do we have to include the seller’s fee in with our tolerance calculation since the buyer is paying it? Let’s say we have state/tax stamps, usually paid by the seller. At closing we find out the buyer is paying the fee. This is a zero tolerance fee, do we have to add it into our tolerance calculation since it is a seller’s fee just being paid by the buyer?
Commercial loans are fair lending issues
09/13/2020
How does fair lending impact commercial loans, which is not “consumer protection” controlled?
Are LPOs the answer?
09/06/2020
Will Loan Production Offices help in fair lending if we decide to close branches?
Disclosure of Property Value instead of Sales Price
09/06/2020
When do we disclose Property Value instead of Sales Price?
Anti-Steering rules are a pain! Does my bank have to follow them?
09/06/2020
Is my bank exempt from the anti-steering requirements (i.e. giving the applicant 3 other loan options) in the LO Comp rules of 1026.36?
