Most Popular Lending Content
When a Borrower isn’t Happy with an Appraisal
05/07/2023
If a borrower is not happy with their appraisal, should I order a second one?
How can a CD’s APY be less than the interest rate!?
05/07/2023
My deposit account software is telling me the APY on our 15 month CD (interest paid at maturity) is LESS than the interest rate. What?!
There are GAPS in your CMS and they involve lending!
05/07/2023
Do you think you have gaps in your fair lending and CRA program?
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?