Vendor Guru Q&A - Lending

Sharing Exception Reports with Lenders

Latest Lending - Record Keeping Topics

Adding Co-Borrower After Closing Disclosure

12/09/2018

If an early Closing Disclosure has been issued and the borrower now wants to add a co-borrower, what are the compliance issues that need to be reviewed? Under Reg Z, is there a new 7 day waiting period to close due to a 'new' application' with the co borrower? Do we go off of the date of application of the 'co borrower' or the original primary borrower application? This is not technically a changed circumstance, but if no fees are increased that break tolerances, nor a program change, is there an issue?

Imaging: Core vs. Third Party

04/08/2018

Why use a third-party vendor if our core offers imaging?

Spreadsheet for Tracking Real Estate Exceptions

11/27/2016

What should be included on a spreadsheet for tracking real estate loan exceptions?

Ideally, How Many Times Should a Document Be "Touched" Before It Is Available for Retrieval?

08/18/2014

How many times should a document be "touched" before retrieval?

What are the 4 Ways to Capture Documents?

08/14/2014

What are the four types of capture?

What are Some Examples of Electronic Document Imaging?

08/14/2014

What are some examples of electronic document imaging?

Home Equity Application

12/10/2007

Are we required to ask the purpose on a home equity (loan or line) application?

Building a CIP

06/01/2003

The rules are out and the initial shock wave is over. No more excuses. It is time to get serious about building a Customer Identification Program.

Coverage

Bank Secrecy: Implementing The New Patriot Act

12/01/2001

As is the case with almost any change or development, the events of September 11 have brought us more compliance.

Hats Off!

01/01/2001

by Barbara E. Hurst, Editor

It's the beginning of a brand new year and I'm going to take time out to pat a few of you on the back.
Here's a toast to:

Tolerance/Cure Amount for LE/Closing Disclosure

06/16/2019

I'm new to TRID and trying to understand tolerance and cure amounts for things such as the following: Loan Estimate : - Recording Fees $32.00 - Settlement Agent Fee $500 and - Title Search $300.00 Closing Disclosure: Title Search $500.00 What would be the tolerance cure?

Home Equity Loan-Close at Home if Bedridden?

06/16/2019

On a home equity loans made in Texas, the law requires that they must close at an attorney's office, Title Co or the bank. If customer is bedridden can it close at their home?

Lender Chooses to not Read HMDA Telephone Script

06/16/2019

What happens if a lender chooses not to read the HMDA Telephone Script when required to an applicant?

RCBAP Master Policy Acceptable Form of Insurance?

06/16/2019

Is an RCBAP master policy an acceptable form of insurance for a property that is legally a planned unit development (P.U.D.) and not a condo? FEMA guidelines seem to indicate RCBAP's can only be written on condos but we are seeing insurance agents issue these on P.U.D. properties with the insured name being the HOA.

2 Separate Security Agreements-1 for Each State?

06/16/2019

If we have a customer that has their business registered with the Delaware SOS however they live in ND, do we need to produce two separate security agreements, one for each state? I noticed this changes in the governing law section of LaserPro documents.

Latest Lending - Record Keeping Topics

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