I have a question regarding HMDA reporting and I hoping you can help me out. So for the NMLSR ID we are reporting the NMLS ID of the loan officer who approved denied withdrawn/canceled the application. We have several loans that were withdrawn by the member prior to a loan officer making a decision and were reporting N/A. I think we should be reporting our own NMLS number for those applications. Could you please let me know what you think?
How long does the consumer have to rescind if we provide the wrong rescission form?
Where could I find a list of required initial and final loan disclosures for closed-end, 12-month construction loans?
A soldier’s mother called to tell us her son joined the Army. Do we have to reduce the loan rate that day?
Can a lender accept verbal telephone confirmation from an applicant of receipt of the 3-day closing disclosure?