Most Popular Lending Content
Retention of Loan Rate Sheets
03/31/2024
Is there a specific recordkeeping requirement for a lender/credit union to keep mortgage and home equity rate sheets? If there is not a reg, is there a best practice?
Bonuses to Borrowers
03/31/2024
The Equity Originations line of business wants to start offering a cash bonus incentive for customers opening a new loan/credit line. The bank has offered cash bonuses on the deposit side for years, however never on the lending side. Under RESPA, I am aware that a cash bonus/incentive cannot be tied to a referral, but other than that I am struggling to find any regulatory constraints, guidance, or precedent. Any guidance would be appreciated.
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.
Automated timers for commercial loans
03/24/2024
What is an automated timer and how can it support commercial lending?