Most Popular Lending Content
Private flood insurance – practical challenges
08/25/2019
What is a private flood insurance policy?
Rate sheet content
08/25/2019
If we have a rate sheet that we give to real estate agents and our loan originators, but we know the true use will be for them to hand it to consumers or post it where consumers can readily access it, wouldn't we need to have the APR on it?
"XYZ Data" on Adverse Action Notice
08/25/2019
I have a client (a lender) who orders their credit reports from "XYZ Data" and when a loan is declined, they list Equifax on their Adverse Action Notice (with appropriate address and phone number) and they have now been told that because "XYZ Data" is considered a reseller of credit under the FCRA 603(u) that they should also list XYZ Data (along with its name and telephone number) on the Adverse Action Notice. Is this true?
Elements of a TRID application
08/25/2019
Can a lender purposely not get one of the six TRID items to avoid getting an application in order to delay the loan estimate delivery date?
Monthly life Insurance Policy Fee on LE/Closing
08/25/2019
Does the monthly life insurance policy fee need to be disclosed on the loan estimate and closing disclosure on 1st and 2nd mortgages? The policy is offered by the lender but it is not a requirement of the loan. This one is on a 2nd closed-end mortgage and the monthly fee is included with the P & I payment for the mortgage.
