Latest Lending - Record Keeping Topics

Docs to Verify Income or Tax Returns Required?

10/13/2019

We have a married couple wanting to fill out a home loan application. They state that they do not have any copies of their tax returns. Can we use the other documents to verify income or are the tax returns required?

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

Bank Secrecy: Implementing The New Patriot Act

12/01/2001