Vendor Guru Q&A - Lending

Sharing Exception Reports with Lenders

Latest Lending - Reg. C Topics

Aggregated and Disaggregated Data

04/28/2019

If an applicant chooses not to provide the borrower demographic data do we still collect it based on visual observation and surname?

Additional Borrowers

04/21/2019

How many borrowers can apply using a single Uniform Residential Mortgage Loan Application?

Use of the Lender Information form

04/07/2019

Are we required to use the Lender Information Form?

Use of the old four-page uniform application with the demographic information addendum

03/03/2019

Can we continue to use the old four-page uniform application with the demographic information addendum or must we convert to the new eight-page form.?

Mandatory compliance date for the Uniform Residential Mortgage Loan Application

02/03/2019

What is the mandatory compliance date for the new uniform residential mortgage loan application?

Required use of the Uniform Residential Mortgage Loan Application

01/06/2019

Are we required to use the new uniform residential mortgage loan application?

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?

New Business Loan App for the New Borrower?

08/12/2018

I have an entity assuming the debt of another to purchase a residential property. Since the loan will be secured by a first lien on a residential dwelling, will I need a new business loan application for the new borrower? Our original business loan application specifies the original borrower.

Rate Spread HMDA/Reg C: Apply to Construction?

01/14/2018

Does the rate spread under HMDA Reg C apply to construction loans for residential 1-4 family?

"Correct "Purpose of Loan" for Closed-End Equity

01/15/2017

I have a HMDA question. What would be the correct "Purpose of Loan" to use for a closed-end equity loan that's not for home improvement? Appendix D doesn't tell me what I should be using.

Premium Content View All

COMPLIANCE Q&A: Do we need an LEI if not reporting a ULI?

Question: We are a low volume HMDA filer that now qualifies for the new partial exemption for reportable fields.

COMPLIANCE Q&A: HMDA Loan: Reporting number of units

Question: I have a two-part question for the number of units to be reported on a HMDA covered loan.

Lender Credits on California Loans

05/26/2019

This question pertains to lender credits on California loans. We have an SB2 charge from title on all refi's which is always estimated at the max fee of $225.00. This doesn't get updated until after closing when majority of the time it is lowered to $75.00. If the lender discloses a credit for this fee upfront at $225, can the lender credit be reduced if/when the fee is reduced at closing (after funding)?

Latest Lending - Reg. C Topics

Pages

Pages

Pages

hot right now