Most Popular Lending Content
APR was wrong on a TRID loan. Do we send a corrected post-closing CD to the borrower?
04/21/2024
An auditor just told us we have an APR violation on a TRID loan, and we need to make restitution to the borrower. Don’t we need to send a corrected Closing Disclosure too?
Is it OK to charge a monthly Returned Mail fee to customers with bad addresses?
04/17/2024
May we charge a monthly “Returned Mail” fee on our customers who have bad addresses that return mail as undeliverable?
Exception tracking and loan delinquencies
04/14/2024
Why is exception tracking especially important during periods of rising loan delinquencies?
Document expiration dates and collateral perfection
04/14/2024
Why are document expiration dates important for collateral perfection?
Is the NMLS ID # supposed to go on HELOC documents too?
04/14/2024
Does the NMLS ID# number need to be included on HELOC agreements and Deeds of Trust / Mortgages?