Most Popular Lending Content
Getting an “As Is” value with the Appraisal
04/30/2023
My appraiser has indicated they can’t include an “As is” value in the same report as a “Subject to” value. He is saying it is a USPAP violation. Is this correct?
Our deposit account vendor told us a slight APY error is no problem – are they right?
04/30/2023
We have noticed that the APY is wrong on some of our Truth in Savings disclosures, but only by .03%. The APY is calculated by our document software vendor, and they told us not to worry about it, because Reg DD has a +/- .05% tolerance allowance. Is this true?
Are LPOs the answer?
04/30/2023
Will Loan Production Offices help in fair lending if we decide to close branches?
There is a new threat to your FI’s CMS!
04/30/2023
Do you know what the new threat is to your CMS?
Handling a joint loan and deceased borrower
04/23/2023
Are there best practices for handling loans with two borrowers and then one passes awayY What is the best way to handle consumer and mortgage loans when this happens? Should the bank require the survivor to refinance or allow them to make regular payments? And what about HELOCS? Would it be best to remove the limit and allow payments on the balance, leave limit and allow terms of HELOC to continue or require them to requalify/refinance? Then, what about IRS reporting if the decease person's SSN is on the 1098?