If you deny an application because the applicant cannot get clear title on the property what reason would you use on the denial notice (would you create an “Other” reason)?
Is use of the new rules mandatory?
If you do a preapproval/prequalification where you have five pieces of information (not the property location) and the customer is approved for an amount but the customer never comes back to the bank. What is the proper procedure in this situation?
If an applicant chooses not to provide the borrower demographic data do we still collect it based on visual observation and surname?
When are the new rules for private flood insurance effective?