Most Popular Lending Content
Third-party Imaging vs. Core Imaging
05/09/2021
What are some reasons for considering a third-party bank imaging system?
Use of an existing determination
05/09/2021
If we are renewing, extending or increasing a loan do we need to do a new flood determination? Can it be recertified?
Advertising Rate Sheet-"Limited Time Offer"
05/09/2021
We are creating a rate sheet to be used by local Realtors. It will provide the current rates for several types of loan products. Under our in-house loan category, Marketing would like to list "Limited Time Offer" as one of the bullet points. I recommended they provide an expiration date. Marketing wants to show that as follows - "Limited Time Offer. May Expire Without Notice." Since UDAAP is governed by perception of the reader what are your thoughts, I am still leaning toward a hard expiration date. What is required, or commonly done?
Consequences of Sending our Annual HMDA LAR Late?
05/09/2021
What are the consequences of sending our annual HMDA LAR late? I am new to this realm of lending. Who do I talk to, to discuss why it is late and does it help that we have never been late in the past?
Mortgage Transaction to Refinance a Loan
05/02/2021
If a mortgage transaction is to refinance a loan secured by land and to purchase a manufactured home to be set up on that land as part of the same transaction, is this transaction reported as a Purchase or a Cash Out Refinance?
