Vendor Guru Q&A - Lending

Latest Lending - Reg. Z Topics

New Escrow on Existing Loan

10/17/2021

We had a customer ask to start a voluntary escrow account on an existing loan. Do we need a new agreement?

Escrow short year statements

10/17/2021

Doing annual statements is a real pain every month. What can we do to make these easier?

Escrow short year statements

10/17/2021

Doing annual statements is a real pain every month. What can we do to make these easier?

Escrows, more than dirt

10/14/2021

While auditing a mobile home loan I saw escrow statements. Isn’t this unnecessary since RESPA doesn’t apply when we don’t have real estate as our loan collateral?

Escrows, more than dirt

10/10/2021

While auditing a mobile home loan I saw escrow statements. Isn’t this unnecessary since RESPA doesn’t apply when we don’t have real estate as our loan collateral?

ARM Notice if Rate/Payment Does Not Change

10/03/2021

If a residential ARM loan does not have a rate change, and therefore, does not have a payment change, is the bank still required to send the ARM notice?

Rescission

09/19/2021

Does the Right to Rescind apply to a HELOC?

Payment posting date

09/12/2021

Are payments received on Saturday required to be posted on Saturday ?

Repayment period

09/05/2021

Does a HELOC have to have a repayment period?

A PMI disclosure is not required for a second home. However, our secondary market guidelines state that a disclosure is to be given with a loan which has PMI. It doesn't state whether it is a first or second home. Our LOS will not produce a disclosure, stating that it is a second home. How would the customer know when they can cancel the PMI if they are not given a notice?

Latest Lending - Reg. Z Topics

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