Most Popular Lending Content
Setting expiration dates for collateral documents
03/31/2024
How might using expiration dates in a document management system support collateral perfection?
Redlining is real
03/31/2024
Is redlining real? It seems to be an antiquated type of violation.
Are Chargeback Fees OK?
03/31/2024
If a customer deposits a check into their account with us, and that check is returned to us as unpaid, may we charge them a fee when we do the chargeback?
New fingerprints required on a newly hired MLO?
03/31/2024
We have a new employee who was registered as an MLO at another financial institution. Upon updating their NMLS registration for our employment, we learned their fingerprints are over 3 years old. Can they still originate loans with us?
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?