When the building is a 1-4 family used as a vacation rental, has a transient license, and is rented nightly and weekly to generate income, should we consider residential or non-residential maximum limits?
Do the flood regulations differ for SBA or Conventional loans?
When assets inside the building also secure the loan, such as through a business security agreement, how often must we review the value of those contents to ensure sufficient contents coverage? What if there are no contents only other non-insurable assets, can we document the file to show no assets are insurable and not require contents coverage
If we are renewing, extending or increasing a loan do we need to do a new flood determination? Can it be recertified?
Doing annual statements is a real pain every month. What can we do to make these easier?
While auditing a mobile home loan I saw escrow statements. Isn’t this unnecessary since RESPA doesn’t apply when we don’t have real estate as our loan collateral?
We want to know if there is a vendor or website our bank can utilize to quickly retrieve public records online from various Secretary of State offices, tax cards & tax bills to pay escrowed taxes, retrieve recorded real estate docs i.e. recorded Warranty/Quitclaim Deeds, MTG-DOT and AOR's. The majority of states have their records available online but behind a paywall where you have to pay for each individual page of each document. There's 25+ of us between Lending, Legal, and Compliance that need access at our bank to these docs. In my previous banking career, we utilized a website called NETRONLINE.com with a paid subscription but it appears it is no longer available. Is there a substitute?
PMI Insurance, we are receiving contradictory views on how to complete the escrow block on the closing disclosure. What is your take on how the Closing Disclosure should be completed when the borrower is paying PMI and with no prepaid PMI?
We had a customer ask to start a voluntary escrow account on an existing loan. Do we need a new agreement?
Do you have to revise the issue date of the Final CD to match the CD date if nothing has changed from the Initial CD issue?