Most Popular Lending Content
EVP is a big loan promoter – concerned about his annual bonus being compliant with Reg Z
03/24/2024
I work in HR, and know that our Executive VP earns a substantial annual bonus. He does not really do any real estate lending, but often says he makes more loan deals on the golf course than anywhere else. I assume this includes home loans. Up to this point, he has kept his NMLS ID # and registration current “to CYA”. I’m concerned his bonus may be non-compliant with Loan Originator Compensation requirements. Should I be worried?
Construction Lending and Flood Insurance – Understand what you need and when you need it.
03/24/2024
We are making a construction loan to a business to construct their new corporate office. Because the building is not yet constructed, do we need to do a flood determination?
Automated timers for commercial loans
03/24/2024
What is an automated timer and how can it support commercial lending?
Use cases for commercial loan workflow automation
03/17/2024
What are some processes in commercial lending that might benefit from automation?
Should our board deny commercial loans?
03/17/2024
Our residential mortgage lending team is very thorough to ensure that the Lending Committee signs-off on adverse action/denial documentation. We are newer to commercial lending. Thus, the Board approves all commercial loans. The commercial lending officer has been given the discretion to decline certain requests before they even get to the Board. The question is more of a compliance/procedural one. Is it sufficient for only the commercial loan officer to sign-off on adverse actions, or should we be obtaining Board sign-off on these as well....under our current approval structure?